FY2027 Small Area FMR · Smithland, IA
ZIP 51056 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 51056 (Smithland, IA) is $1,040 a month, up 8.3% from FY2026. That is 13% below the Sioux City, IA-NE-SD area-wide FMR of $1,194.
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 51056 sits in the Sioux City, IA-NE-SD area
Of the 46 ZIP codes HUD lists for the area, 51056 has the 29th 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 $1,040 for this ZIP code instead.
ZIP code 51056 crosses more than one HUD area. HUD also lists it under Monona 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 | $831 | $670 |
| 1 bedroom | $840 | $756 – $924 | $965 | $760 |
| 2 bedrooms | $1,040 | $936 – $1,144 | $1,194 | $960 |
| 3 bedrooms | $1,250 | $1,125 – $1,375 | $1,447 | $1,160 |
| 4 bedrooms | $1,420 | $1,278 – $1,562 | $1,618 | $1,320 |
A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 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 51056 lies mainly in Woodbury County and Monona County. See the Sioux City, IA-NE-SD metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 51056?
HUD's FY2027 Small Area Fair Market Rents for 51056 are $720 (studio), $840 (1 BR), $1,040 (2 BR), $1,250 (3 BR) and $1,420 (4 BR) a month.
What is the Section 8 payment standard in 51056?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 51056 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 51056?
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.