FY2027 Small Area FMR · Hawkeye, IA

ZIP 52147 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 52147 (Hawkeye, IA) is $930 a month, up 1.1% from FY2026. That is 1% below the Fayette County, IA area-wide FMR of $940.

2-bedroom SAFMR$930per month ▲ 1.1%

Area-wide 2 BR FMR$940Fayette County, IA

Rank in the area16thof 25 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▲ 1.5%

1 BR$710▼ 1.4%

2 BR$930▲ 1.1%

3 BR$1,220▲ 0.8%

4 BR$1,300▼ 9.7%

FY2027 FY2026

Where 52147 sits in the Fayette County, IA area

Of the 25 ZIP codes HUD lists for the area, 52147 has the 16th highest two-bedroom Small Area FMR. Fayette 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 $940 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	$698	$680
1 bedroom	$710	$639 – $781	$719	$720
2 bedrooms	$930	$837 – $1,023	$940	$920
3 bedrooms	$1,220	$1,098 – $1,342	$1,240	$1,210
4 bedrooms	$1,300	$1,170 – $1,430	$1,306	$1,440

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 $85,800 and the 80% low-income limit for four people is $75,300. ZIP code 52147 lies mainly in Fayette County. See the Fayette County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
52175	West Union	7.2 mi	$980
52164	Randalia	7.6 mi	$990
52166	Saint Lucas	7.6 mi	$1,120
52171	Waucoma	9.0 mi	$1,050
50674	Sumner	11.4 mi	$1,090
52142	Fayette	12.2 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 52147?

HUD's FY2027 Small Area Fair Market Rents for 52147 are $690 (studio), $710 (1 BR), $930 (2 BR), $1,220 (3 BR) and $1,300 (4 BR) a month.

What is the Section 8 payment standard in 52147?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 52147 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 52147?

The FY2026 income limits of the Fayette County, IA area apply: median family income $85,800, low-income (80%) limit $75,300 for a family of four.