FY2027 Small Area FMR · Spirit Lake, IA
ZIP 51360 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 51360 (Spirit Lake, IA) is $1,130 a month, up 0.9% from FY2026. That is 4% above the Dickinson County, IA area-wide FMR of $1,091.
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 51360 sits in the Dickinson County, IA area
Of the 12 ZIP codes HUD lists for the area, 51360 has the 2nd highest two-bedroom Small Area FMR. Dickinson 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 $1,091 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,130 for this ZIP code instead.
ZIP code 51360 crosses more than one HUD area. HUD also lists it under Jackson County, MN (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 | $860 | $774 – $946 | $829 | $850 |
| 1 bedroom | $860 | $774 – $946 | $834 | $850 |
| 2 bedrooms | $1,130 | $1,017 – $1,243 | $1,091 | $1,120 |
| 3 bedrooms | $1,480 | $1,332 – $1,628 | $1,424 | $1,350 |
| 4 bedrooms | $1,490 | $1,341 – $1,639 | $1,434 | $1,480 |
A household renting a two-bedroom home at the Small Area FMR of $1,130 needs about $45,200 a year to keep housing costs at 30% of income. The area median family income is $110,100 and the 80% low-income limit for four people is $88,100. ZIP code 51360 lies mainly in Dickinson County and Jackson County. See the Dickinson 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 51360?
HUD's FY2027 Small Area Fair Market Rents for 51360 are $860 (studio), $860 (1 BR), $1,130 (2 BR), $1,480 (3 BR) and $1,490 (4 BR) a month.
What is the Section 8 payment standard in 51360?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 51360 that range is $1,017 to $1,243 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 51360?
The FY2026 income limits of the Dickinson County, IA area apply: median family income $110,100, low-income (80%) limit $88,100 for a family of four.