FY2027 Small Area FMR · Dakota City, NE
ZIP 68731 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68731 (Dakota City, NE) is $1,190 a month, down 7.8% from FY2026. That is 0% equal to the Sioux City, IA-NE-SD area-wide FMR of $1,194.
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 68731 sits in the Sioux City, IA-NE-SD area
Of the 46 ZIP codes HUD lists for the area, 68731 has the 11th highest two-bedroom Small Area FMR. Sioux City, IA-NE-SD 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 $1,194 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,190 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $830 | $747 – $913 | $831 | $890 |
| 1 bedroom | $960 | $864 – $1,056 | $965 | $1,030 |
| 2 bedrooms | $1,190 | $1,071 – $1,309 | $1,194 | $1,290 |
| 3 bedrooms | $1,440 | $1,296 – $1,584 | $1,447 | $1,550 |
| 4 bedrooms | $1,610 | $1,449 – $1,771 | $1,618 | $1,710 |
A household renting a two-bedroom home at the Small Area FMR of $1,190 needs about $47,600 a year to keep housing costs at 30% of income. The area median family income is $97,900 and the 80% low-income limit for four people is $78,300. ZIP code 68731 lies mainly in Dakota County. See the Sioux City, IA-NE-SD 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 68731?
HUD's FY2027 Small Area Fair Market Rents for 68731 are $830 (studio), $960 (1 BR), $1,190 (2 BR), $1,440 (3 BR) and $1,610 (4 BR) a month.
What is the Section 8 payment standard in 68731?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68731 that range is $1,071 to $1,309 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 68731?
The FY2026 income limits of the Sioux City, IA-NE-SD area apply: median family income $97,900, low-income (80%) limit $78,300 for a family of four.