FY2027 Small Area FMR · Quimby, IA

ZIP 51049 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 51049 (Quimby, IA) is $930 a month, up 1.1% from FY2026. That is 0% equal to the Cherokee County, IA area-wide FMR of $927.

2-bedroom SAFMR$930per month ▲ 1.1%

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

Rank in the area14thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$837

2 BR Small Area FMR$930

110% of SAFMR$1,023

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

Studio$690▲ 1.5%

1 BR$770▼ 4.9%

2 BR$930▲ 1.1%

3 BR$1,200▼ 6.2%

4 BR$1,290▼ 8.5%

FY2027 FY2026

Where 51049 sits in the Cherokee County, IA area

Of the 18 ZIP codes HUD lists for the area, 51049 has the 14th 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 $930 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	$690	$621 – $759	$688	$680
1 bedroom	$770	$693 – $847	$767	$810
2 bedrooms	$930	$837 – $1,023	$927	$920
3 bedrooms	$1,200	$1,080 – $1,320	$1,203	$1,280
4 bedrooms	$1,290	$1,161 – $1,419	$1,288	$1,410

A household renting a two-bedroom home at the Small Area FMR of $930 needs about $37,200 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 51049 lies mainly in Cherokee County. See the Cherokee County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
51061	Washta	4.9 mi	$1,040
51012	Cherokee	9.1 mi	$930
51025	Holstein	10.2 mi	$1,120
51048	Pierson	11.2 mi	$1,040
51014	Cleghorn	11.4 mi	$1,390
51018	Cushing	12.5 mi	$1,040

Questions

What is the Fair Market Rent for ZIP code 51049?

HUD's FY2027 Small Area Fair Market Rents for 51049 are $690 (studio), $770 (1 BR), $930 (2 BR), $1,200 (3 BR) and $1,290 (4 BR) a month.

What is the Section 8 payment standard in 51049?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 51049 that range is $837 to $1,023 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 51049?

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.