FY2027 Small Area FMR · Shelby, IA
ZIP 51570 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 51570 (Shelby, IA) is $1,010 a month, up 5.2% from FY2026. That is 30% below the Omaha-Council Bluffs, NE-IA area-wide FMR of $1,450.
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 51570 sits in the Omaha-Council Bluffs, NE-IA area
Of the 134 ZIP codes HUD lists for the area, 51570 has the 122nd highest two-bedroom Small Area FMR. Omaha-Council Bluffs, NE-IA is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $909 and $1,111 for two bedrooms.
ZIP code 51570 crosses more than one HUD area. HUD also lists it under Shelby 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 | $770 | $693 – $847 | $1,167 | $730 |
| 1 bedroom | $900 | $810 – $990 | $1,219 | $860 |
| 2 bedrooms | $1,010 | $909 – $1,111 | $1,450 | $960 |
| 3 bedrooms | $1,340 | $1,206 – $1,474 | $1,924 | $1,320 |
| 4 bedrooms | $1,390 | $1,251 – $1,529 | $2,179 | $1,410 |
A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $114,000 and the 80% low-income limit for four people is $91,200. ZIP code 51570 lies mainly in Shelby County, Pottawattamie County and Harrison County. See the Omaha-Council Bluffs, NE-IA 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 51570?
HUD's FY2027 Small Area Fair Market Rents for 51570 are $770 (studio), $900 (1 BR), $1,010 (2 BR), $1,340 (3 BR) and $1,390 (4 BR) a month.
What is the Section 8 payment standard in 51570?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 51570 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 51570?
The FY2026 income limits of the Omaha-Council Bluffs, NE-IA area apply: median family income $114,000, low-income (80%) limit $91,200 for a family of four.