Metro FMR area · IA · HUD FY 2027

Iowa City, IA Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Iowa City, IA area is $1,180 a month, 6% above the Iowa average and 33% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 27 ZIP codes range from $1,030 to $1,580.

$1,1802-bedroom FMR+$39 (+3.4%) vs FY 2026
$1,0021-bedroom FMRU.S.: $1,478
$47,200Income for a 2-bedroomat 30% of income
156,639Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,180/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Iowa City, IA FMR	$1,180	$47,200	–
Iowa average	$1,113	$44,509	–
U.S. average	$1,761	$70,432	–

Iowa City, IA Fair Market Rents, FY 2027 vs FY 2026
Unit	Iowa City, IA FY 2027	FY 2026	Change	Iowa avg	U.S. avg	Income needed
Studio	$942	$880	+$62 (+7.0%)	$846	$1,379	$37,680
1 bedroom	$1,002	$961	+$41 (+4.3%)	$902	$1,478	$40,080
2 bedrooms	$1,180	$1,141	+$39 (+3.4%)	$1,113	$1,761	$47,200
3 bedrooms	$1,634	$1,587	+$47 (+3.0%)	$1,475	$2,266	$65,360
4 bedrooms	$1,972	$1,914	+$58 (+3.0%)	$1,649	$2,607	$78,880

Counties in this FMR area

Counties in the Iowa City, IA FMR area
County	Residents in area
Johnson County, IA	156,639

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,140.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Iowa City, IA
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
52203	$800	$870	$1,030	$1,430	$1,730	+$30 (+3.0%)	13% below
52227	$800	$870	$1,090	$1,510	$1,820	−$20 (−1.8%)	8% below
52228	$1,100	$1,210	$1,580	$2,180	$2,620	−$30 (−1.9%)	34% above
52235	$970	$1,030	$1,210	$1,680	$2,020	+$40 (+3.4%)	3% above
52236	$800	$870	$1,030	$1,430	$1,730	+$30 (+3.0%)	13% below
52240	$1,010	$1,070	$1,260	$1,740	$2,110	+$50 (+4.1%)	7% above
52241	$940	$1,000	$1,180	$1,630	$1,970	+$40 (+3.5%)	same
52242	$990	$1,050	$1,230	$1,710	$2,070	+$40 (+3.4%)	4% above
52244	$940	$1,000	$1,180	$1,630	$1,970	+$40 (+3.5%)	same
52245	$1,060	$1,130	$1,330	$1,840	$2,220	+$40 (+3.1%)	13% above
52246	$960	$1,020	$1,200	$1,660	$2,010	+$40 (+3.4%)	2% above
52247	$800	$870	$1,030	$1,430	$1,730	+$30 (+3.0%)	13% below
52253	$800	$870	$1,030	$1,430	$1,730	+$30 (+3.0%)	13% below
52314	$800	$870	$1,030	$1,430	$1,730	+$30 (+3.0%)	13% below
52317	$1,050	$1,110	$1,310	$1,810	$2,190	+$20 (+1.6%)	11% above
52322	$800	$870	$1,030	$1,430	$1,730	+$30 (+3.0%)	13% below
52325	$800	$870	$1,030	$1,430	$1,730	−$50 (−4.6%)	13% below
52327	$870	$890	$1,140	$1,480	$1,730	+$10 (+0.9%)	3% below
52333	$1,020	$1,090	$1,280	$1,770	$2,130	+$60 (+4.9%)	8% above
52338	$930	$990	$1,170	$1,620	$1,960	+$100 (+9.3%)	1% below
52340	$1,050	$1,120	$1,320	$1,830	$2,210	+$50 (+3.9%)	12% above
52356	$800	$870	$1,030	$1,430	$1,730	+$30 (+3.0%)	13% below
52358	$860	$890	$1,160	$1,520	$1,730	+$60 (+5.5%)	2% below
52404	$800	$870	$1,080	$1,500	$1,810	no change	8% below
52755	$810	$870	$1,030	$1,430	$1,730	+$30 (+3.0%)	13% below
52766	$800	$870	$1,060	$1,430	$1,730	+$60 (+6.0%)	10% below
52776	$800	$870	$1,030	$1,430	$1,730	+$30 (+3.0%)	13% below

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).

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.