FY2027 Small Area FMR · Cedar Rapids, IA

ZIP 52403 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 52403 (Cedar Rapids, IA) is $1,020 a month, down 5.6% from FY2026. That is 3% below the Cedar Rapids, IA area-wide FMR of $1,054.

2-bedroom SAFMR$1,020per month ▼ 5.6%

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

Rank in the area27thof 36 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$710▼ 4.1%

1 BR$780▼ 4.9%

2 BR$1,020▼ 5.6%

3 BR$1,410▼ 6.0%

4 BR$1,700▼ 6.1%

FY2027 FY2026

Where 52403 sits in the Cedar Rapids, IA area

Of the 36 ZIP codes HUD lists for the area, 52403 has the 27th 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 $1,020 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	$710	$639 – $781	$734	$740
1 bedroom	$780	$702 – $858	$806	$820
2 bedrooms	$1,020	$918 – $1,122	$1,054	$1,080
3 bedrooms	$1,410	$1,269 – $1,551	$1,459	$1,500
4 bedrooms	$1,700	$1,530 – $1,870	$1,762	$1,810

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 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 52403 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
52401	Cedar Rapids	4.8 mi	$970
52227	Ely	4.9 mi	$1,090
52402	Cedar Rapids	6.2 mi	$1,170
52314	Mount Vernon	6.4 mi	$1,030
52302	Marion	6.9 mi	$1,030
52404	Cedar Rapids	7.4 mi	$1,080

Questions

What is the Fair Market Rent for ZIP code 52403?

HUD's FY2027 Small Area Fair Market Rents for 52403 are $710 (studio), $780 (1 BR), $1,020 (2 BR), $1,410 (3 BR) and $1,700 (4 BR) a month.

What is the Section 8 payment standard in 52403?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 52403 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 52403?

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.