FY2027 Small Area FMR · Oto, IA

ZIP 51044 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 51044 (Oto, IA) is $1,160 a month, up 1.8% from FY2026. That is 3% below the Sioux City, IA-NE-SD area-wide FMR of $1,194.

2-bedroom SAFMR$1,160per month ▲ 1.8%

Area-wide 2 BR FMR$1,194Sioux City, IA-NE-SD

Rank in the area13thof 46 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,044

2 BR Small Area FMR$1,160

110% of SAFMR$1,276

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

Studio$820▲ 2.5%

1 BR$930▲ 2.2%

2 BR$1,160▲ 1.8%

3 BR$1,410▲ 2.2%

4 BR$1,630▲ 3.8%

FY2027 FY2026

Where 51044 sits in the Sioux City, IA-NE-SD area

Of the 46 ZIP codes HUD lists for the area, 51044 has the 13th highest two-bedroom Small Area FMR. Sioux City, IA-NE-SD 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 $1,194 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,160 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	$820	$738 – $902	$831	$800
1 bedroom	$930	$837 – $1,023	$965	$910
2 bedrooms	$1,160	$1,044 – $1,276	$1,194	$1,140
3 bedrooms	$1,410	$1,269 – $1,551	$1,447	$1,380
4 bedrooms	$1,630	$1,467 – $1,793	$1,618	$1,570

A household renting a two-bedroom home at the Small Area FMR of $1,160 needs about $46,400 a year to keep housing costs at 30% of income. The area median family income is $97,900 and the 80% low-income limit for four people is $78,300. ZIP code 51044 lies mainly in Woodbury County. See the Sioux City, IA-NE-SD metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
51004	Anthon	4.7 mi	$1,320
51056	Smithland	4.9 mi	$1,040
51051	Rodney	7.3 mi	$1,030
51026	Hornick	8.4 mi	$1,050
51015	Climbing Hill	9.1 mi	$1,050
51019	Danbury	10.3 mi	$1,050

Questions

What is the Fair Market Rent for ZIP code 51044?

HUD's FY2027 Small Area Fair Market Rents for 51044 are $820 (studio), $930 (1 BR), $1,160 (2 BR), $1,410 (3 BR) and $1,630 (4 BR) a month.

What is the Section 8 payment standard in 51044?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 51044 that range is $1,044 to $1,276 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 51044?

The FY2026 income limits of the Sioux City, IA-NE-SD area apply: median family income $97,900, low-income (80%) limit $78,300 for a family of four.