FY2027 Small Area FMR · Cedar Rapids, IA

ZIP 52402 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 52402 (Cedar Rapids, IA) is $1,170 a month, up 3.5% from FY2026. That is 11% above the Cedar Rapids, IA area-wide FMR of $1,054.

2-bedroom SAFMR$1,170per month ▲ 3.5%

Area-wide 2 BR FMR$1,054Cedar Rapids, IA

Rank in the area5thof 36 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,053

2 BR Small Area FMR$1,170

110% of SAFMR$1,287

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

Studio$810▲ 3.8%

1 BR$890▲ 3.5%

2 BR$1,170▲ 3.5%

3 BR$1,620▲ 3.2%

4 BR$1,960▲ 3.2%

FY2027 FY2026

Where 52402 sits in the Cedar Rapids, IA area

Of the 36 ZIP codes HUD lists for the area, 52402 has the 5th highest two-bedroom Small Area FMR. Cedar Rapids, 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 $1,054 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,170 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	$810	$729 – $891	$734	$780
1 bedroom	$890	$801 – $979	$806	$860
2 bedrooms	$1,170	$1,053 – $1,287	$1,054	$1,130
3 bedrooms	$1,620	$1,458 – $1,782	$1,459	$1,570
4 bedrooms	$1,960	$1,764 – $2,156	$1,762	$1,900

A household renting a two-bedroom home at the Small Area FMR of $1,170 needs about $46,800 a year to keep housing costs at 30% of income. The area median family income is $105,300 and the 80% low-income limit for four people is $84,250. ZIP code 52402 lies mainly in Linn County. See the Cedar Rapids, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
52233	Hiawatha	2.1 mi	$970
52401	Cedar Rapids	3.3 mi	$970
52328	Robins	3.4 mi	$1,080
52411	Cedar Rapids	4.2 mi	$1,010
52405	Cedar Rapids	5.2 mi	$1,220
52302	Marion	5.8 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 52402?

HUD's FY2027 Small Area Fair Market Rents for 52402 are $810 (studio), $890 (1 BR), $1,170 (2 BR), $1,620 (3 BR) and $1,960 (4 BR) a month.

What is the Section 8 payment standard in 52402?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 52402 that range is $1,053 to $1,287 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 52402?

The FY2026 income limits of the Cedar Rapids, IA area apply: median family income $105,300, low-income (80%) limit $84,250 for a family of four.