FY2027 Small Area FMR · Matlock, IA

ZIP 51244 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 51244 (Matlock, IA) is $970 a month, up 5.4% from FY2026. That is 3% below the Sioux County, IA area-wide FMR of $1,000.

2-bedroom SAFMR$970per month ▲ 5.4%

Area-wide 2 BR FMR$1,000Sioux County, IA

Rank in the area12thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$873

2 BR Small Area FMR$970

110% of SAFMR$1,067

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

Studio$720▲ 4.3%

1 BR$740▲ 5.7%

2 BR$970▲ 5.4%

3 BR$1,160▲ 3.6%

4 BR$1,280▲ 4.1%

FY2027 FY2026

Where 51244 sits in the Sioux County, IA area

Of the 20 ZIP codes HUD lists for the area, 51244 has the 12th highest two-bedroom Small Area FMR. Sioux 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 $1,000 for two bedrooms; an agency that opts in to Small Area FMRs would use $970 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	$720	$648 – $792	$741	$690
1 bedroom	$740	$666 – $814	$764	$700
2 bedrooms	$970	$873 – $1,067	$1,000	$920
3 bedrooms	$1,160	$1,044 – $1,276	$1,279	$1,120
4 bedrooms	$1,280	$1,152 – $1,408	$1,361	$1,230

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 $109,800 and the 80% low-income limit for four people is $87,850. ZIP code 51244 lies mainly in Sioux County. See the Sioux County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
51201	Sheldon	5.6 mi	$970
51234	Boyden	5.6 mi	$930
51237	George	7.1 mi	$930
51232	Ashton	7.6 mi	$950
51239	Hull	11.0 mi	$1,010
51238	Hospers	12.0 mi	$930

Questions

What is the Fair Market Rent for ZIP code 51244?

HUD's FY2027 Small Area Fair Market Rents for 51244 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 51244?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 51244 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 51244?

The FY2026 income limits of the Sioux County, IA area apply: median family income $109,800, low-income (80%) limit $87,850 for a family of four.