Davis County, IA: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,0662-bedroom FMR, FY2027

$8151-bedroom FMR, FY2027

$79,10080% income limit, family of 4 (FY2026)

$98,900Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Davis County is $1,066 a month, up 2.2% from $1,043 in FY2026. Davis County belongs to the Davis County, IA FMR area (non-metro county), so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Davis County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$792	$774	+2.3%	$713 – $871
1 bedroom	$815	$795	+2.5%	$734 – $896
2 bedrooms	$1,066	$1,043	+2.2%	$960 – $1,172
3 bedrooms	$1,270	$1,251	+1.5%	$1,143 – $1,397
4 bedrooms	$1,439	$1,392	+3.4%	$1,296 – $1,582

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Davis County that is typically $960 to $1,172 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$45,182median income of renter households

$868Median gross rent, all units

23%Rent-to-income ratio (median rent ÷ median renter income)

25%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $45,182 can afford about $1,130 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,066 is $64 (5.6%) less than that. To rent a two-bedroom at the FMR, a household needs $42,640 a year under the 30% rule, or $38,376 under the common landlord rule that income must be three times the rent.

Davis County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$868 ±$94
Median income of renter households	$45,182 ±$5,103
Renters paying 30% or more of income (cost-burdened)	25.1% ±6.9
Renters paying 50% or more (severely cost-burdened)	9.3% ±5.0
Renter households (where the share can be computed)	443

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$631	$868	+37.6%
Median renter household income	$32,656	$45,182	+38.4%
Renters paying 30%+ of income	33.3%	25.1%	−8.2 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

HUD income limits for Davis County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $98,900 (FY2025: $99,700, −0.8%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$20,800 −0.7%	$23,750 −0.8%	$27,320 +1.4%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$34,650 −0.7%	$39,600 −0.8%	$44,550 −0.8%	$49,450 −0.8%	$53,450 −0.7%	$57,400 −0.8%	$61,350 −0.8%	$65,300 −0.8%
Low income (80%)	$55,400 −0.8%	$63,300 −0.8%	$71,200 −0.8%	$79,100 −0.8%	$85,450 −0.8%	$91,800 −0.8%	$98,100 −0.8%	$104,450 −0.8%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.