Iowa · FIPS 19033 · HUD FY 2027
Cerro Gordo County, Iowa Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Cerro Gordo County is $927 a month (rent plus utilities), 17% below the Iowa average of $1,113 and 47% below the U.S. average of $1,761. That is down $22 (2.3%) from FY 2026. At 30% of income, a household needs about $37,080 a year to afford it.
- $9272-bedroom FMR−$22 (−2.3%) vs FY 2026
- $7491-bedroom FMRIowa: $902 · U.S.: $1,478
- $37,080Income for a 2-bedroom$18/hour full-time
- 50 of 992BR rank in Iowa1 = highest rent
| Unit | Cerro Gordo County FY 2027 | FY 2026 | Change | Iowa avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $744 | $746 | −$2 (−0.3%) | $846 | $1,379 | $29,760 |
| 1 bedroom | $749 | $750 | −$1 (−0.1%) | $902 | $1,478 | $29,960 |
| 2 bedrooms | $927 | $949 | −$22 (−2.3%) | $1,113 | $1,761 | $37,080 |
| 3 bedrooms | $1,218 | $1,226 | −$8 (−0.7%) | $1,475 | $2,266 | $48,720 |
| 4 bedrooms | $1,485 | $1,446 | +$39 (+2.7%) | $1,649 | $2,607 | $59,400 |
How Cerro Gordo County compares
- Cerro Gordo County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Iowa, 2-bedroom FMRs run from $927 (Worth County) to $1,450 (Harrison County).
- Studio to 4-bedroom: $744, $749, $927, $1,218, $1,485. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 9 ZIP codes mostly in Cerro Gordo County (by land area), the 2-bedroom figure ranges from $930 to $1,090.
Small Area FMRs by ZIP code in Cerro Gordo County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 50401 | $760 | $770 | $950 | $1,250 | $1,520 | −$20 (−2.1%) | 2% above |
| 50428 | $740 | $750 | $930 | $1,220 | $1,490 | +$10 (+1.1%) | about the same as |
| 50433 | $740 | $760 | $980 | $1,220 | $1,490 | +$20 (+2.1%) | 6% above |
| 50464 | $780 | $790 | $1,000 | $1,310 | $1,520 | −$110 (−9.9%) | 8% above |
| 50467 | $790 | $800 | $990 | $1,300 | $1,590 | −$40 (−3.9%) | 7% above |
| 50469 | $740 | $750 | $930 | $1,220 | $1,490 | +$10 (+1.1%) | about the same as |
| 50477 | $740 | $750 | $930 | $1,220 | $1,490 | +$10 (+1.1%) | about the same as |
| 50479 | $740 | $750 | $930 | $1,210 | $1,490 | +$10 (+1.1%) | about the same as |
| 50482 | $880 | $880 | $1,090 | $1,430 | $1,750 | −$10 (−0.9%) | 18% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.