FY2027 Small Area FMR · Redding, IA

ZIP 50860 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50860 (Redding, IA) is $940 a month, up 2.2% from FY2026. That is 1% above the Ringgold County, IA area-wide FMR of $927.

2-bedroom SAFMR$940per month ▲ 2.2%

Area-wide 2 BR FMR$927Ringgold County, IA

Rank in the area8thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$846

2 BR Small Area FMR$940

110% of SAFMR$1,034

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$700▲ 2.9%

1 BR$730▼ 1.4%

2 BR$940▲ 2.2%

3 BR$1,180▲ 4.4%

4 BR$1,280▲ 4.1%

FY2027 FY2026

Where 50860 sits in the Ringgold County, IA area

Of the 12 ZIP codes HUD lists for the area, 50860 has the 8th highest two-bedroom Small Area FMR. Ringgold County, IA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $927 for two bedrooms; an agency that opts in to Small Area FMRs would use $940 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$700	$630 – $770	$688	$680
1 bedroom	$730	$657 – $803	$725	$740
2 bedrooms	$940	$846 – $1,034	$927	$920
3 bedrooms	$1,180	$1,062 – $1,298	$1,151	$1,130
4 bedrooms	$1,280	$1,152 – $1,408	$1,251	$1,230

A household renting a two-bedroom home at the Small Area FMR of $940 needs about $37,600 a year to keep housing costs at 30% of income. The area median family income is $95,500 and the 80% low-income limit for four people is $76,400. ZIP code 50860 lies mainly in Ringgold County. See the Ringgold County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
50835	Benton	6.3 mi	$990
50836	Blockton	7.9 mi	$940
50854	Mount Ayr	8.3 mi	$940
64456	Grant City	8.9 mi	$1,000
64420	Allendale	9.6 mi	$1,000
64458	Hatfield	12.8 mi	$960

Questions

What is the Fair Market Rent for ZIP code 50860?

HUD's FY2027 Small Area Fair Market Rents for 50860 are $700 (studio), $730 (1 BR), $940 (2 BR), $1,180 (3 BR) and $1,280 (4 BR) a month.

What is the Section 8 payment standard in 50860?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50860 that range is $846 to $1,034 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50860?

The FY2026 income limits of the Ringgold County, IA area apply: median family income $95,500, low-income (80%) limit $76,400 for a family of four.