FY2027 Small Area FMR · Randalia, IA

ZIP 52164 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 52164 (Randalia, IA) is $990 a month, up 4.2% from FY2026. That is 5% above the Fayette County, IA area-wide FMR of $940.

2-bedroom SAFMR$990per month ▲ 4.2%

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

Rank in the area9thof 25 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$891

2 BR Small Area FMR$990

110% of SAFMR$1,089

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

Studio$720▲ 2.9%

1 BR$760▲ 2.7%

2 BR$990▲ 4.2%

3 BR$1,300▲ 3.2%

4 BR$1,360▼ 6.2%

FY2027 FY2026

Where 52164 sits in the Fayette County, IA area

Of the 25 ZIP codes HUD lists for the area, 52164 has the 9th 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 $990 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	$698	$700
1 bedroom	$760	$684 – $836	$719	$740
2 bedrooms	$990	$891 – $1,089	$940	$950
3 bedrooms	$1,300	$1,170 – $1,430	$1,240	$1,260
4 bedrooms	$1,360	$1,224 – $1,496	$1,306	$1,450

A household renting a two-bedroom home at the Small Area FMR of $990 needs about $39,600 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 52164 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
52142	Fayette	5.8 mi	$1,000
50655	Maynard	6.2 mi	$930
50681	Westgate	7.4 mi	$1,010
52147	Hawkeye	7.6 mi	$930
52175	West Union	10.5 mi	$980
50674	Sumner	10.6 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 52164?

HUD's FY2027 Small Area Fair Market Rents for 52164 are $720 (studio), $760 (1 BR), $990 (2 BR), $1,300 (3 BR) and $1,360 (4 BR) a month.

What is the Section 8 payment standard in 52164?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 52164 that range is $891 to $1,089 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 52164?

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.