FY2027 Small Area FMR · Ocheyedan, IA

ZIP 51354 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 51354 (Ocheyedan, IA) is $930 a month, down 4.1% from FY2026. That is 0% equal to the Osceola County, IA area-wide FMR of $927.

2-bedroom SAFMR$930per month ▼ 4.1%

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

Rank in the area6thof 10 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▼ 2.8%

1 BR$710▼ 4.1%

2 BR$930▼ 4.1%

3 BR$1,220▼ 2.4%

4 BR$1,220▼ 4.7%

FY2027 FY2026

Where 51354 sits in the Osceola County, IA area

Of the 10 ZIP codes HUD lists for the area, 51354 has the 6th highest two-bedroom Small Area FMR. Osceola 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	$710
1 bedroom	$710	$639 – $781	$709	$740
2 bedrooms	$930	$837 – $1,023	$927	$970
3 bedrooms	$1,220	$1,098 – $1,342	$1,214	$1,250
4 bedrooms	$1,220	$1,098 – $1,342	$1,218	$1,280

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 $91,000 and the 80% low-income limit for four people is $75,300. ZIP code 51354 lies mainly in Osceola County. See the Osceola County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
51345	Harris	5.2 mi	$1,070
51350	Melvin	7.5 mi	$930
51249	Sibley	9.3 mi	$930
56117	Bigelow	10.7 mi	$1,260
51347	Lake Park	11.2 mi	$1,130
56167	Round Lake	11.9 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 51354?

HUD's FY2027 Small Area Fair Market Rents for 51354 are $690 (studio), $710 (1 BR), $930 (2 BR), $1,220 (3 BR) and $1,220 (4 BR) a month.

What is the Section 8 payment standard in 51354?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 51354 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 51354?

The FY2026 income limits of the Osceola County, IA area apply: median family income $91,000, low-income (80%) limit $75,300 for a family of four.