FY2027 Small Area FMR · Paullina, IA
ZIP 51046 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 51046 (Paullina, IA) is $970 a month, down 3.0% from FY2026. That is 5% above the Cherokee County, IA area-wide FMR of $927.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 51046 sits in the Cherokee County, IA area
Of the 18 ZIP codes HUD lists for the area, 51046 has the 11th highest two-bedroom Small Area FMR. Cherokee 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 $970 for this ZIP code instead.
ZIP code 51046 crosses more than one HUD area. HUD also lists it under O'Brien County, IA (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $720 | $648 – $792 | $688 | $740 |
| 1 bedroom | $740 | $666 – $814 | $767 | $760 |
| 2 bedrooms | $970 | $873 – $1,067 | $927 | $1,000 |
| 3 bedrooms | $1,160 | $1,044 – $1,276 | $1,203 | $1,210 |
| 4 bedrooms | $1,280 | $1,152 – $1,408 | $1,288 | $1,330 |
A household renting a two-bedroom home at the Small Area FMR of $970 needs about $38,800 a year to keep housing costs at 30% of income. The area median family income is $104,600 and the 80% low-income limit for four people is $83,700. ZIP code 51046 lies mainly in O'Brien County and Cherokee County. See the Cherokee County, IA county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 51046?
HUD's FY2027 Small Area Fair Market Rents for 51046 are $720 (studio), $740 (1 BR), $970 (2 BR), $1,160 (3 BR) and $1,280 (4 BR) a month.
What is the Section 8 payment standard in 51046?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 51046 that range is $873 to $1,067 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 51046?
The FY2026 income limits of the Cherokee County, IA area apply: median family income $104,600, low-income (80%) limit $83,700 for a family of four.