Jasper 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).

$9892-bedroom FMR, FY2027

$7871-bedroom FMR, FY2027

$76,70080% income limit, family of 4 (FY2026)

$95,900Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Jasper County is $989 a month, down 1.9% from $1,008 in FY2026. Jasper County belongs to the Jasper County, IA HUD Metro FMR Area FMR area, 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 Jasper County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$782	$784	−0.3%	$704 – $860
1 bedroom	$787	$789	−0.3%	$709 – $865
2 bedrooms	$989	$1,008	−1.9%	$891 – $1,087
3 bedrooms	$1,330	$1,348	−1.3%	$1,197 – $1,463
4 bedrooms	$1,395	$1,372	+1.7%	$1,256 – $1,534

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 Jasper County that is typically $891 to $1,087 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?

$41,419median income of renter households

$836Median gross rent, all units

24%Rent-to-income ratio (median rent ÷ median renter income)

47%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $41,419 can afford about $1,035 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $989 is $46 (4.5%) less than that. To rent a two-bedroom at the FMR, a household needs $39,560 a year under the 30% rule, or $35,604 under the common landlord rule that income must be three times the rent.

Jasper County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$836 ±$34
Median income of renter households	$41,419 ±$5,149
Renters paying 30% or more of income (cost-burdened)	46.9% ±6.5
Renters paying 50% or more (severely cost-burdened)	17.4% ±4.6
Renter households (where the share can be computed)	3,853

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$730	$836	+14.5%
Median renter household income	$38,021	$41,419	+8.9%
Renters paying 30%+ of income	35.6%	46.9%	+11.3 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.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $930 to $1,410 depending on the ZIP code.

All 23 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
50028	$810	$810	$1,020	$1,370	$1,440
50054	$790	$800	$1,000	$1,340	$1,410
50055	$880	$930	$1,040	$1,450	$1,750
50106	$710	$770	$930	$1,220	$1,240
50112	$730	$850	$1,010	$1,400	$1,430
50127	$810	$810	$1,020	$1,370	$1,440
50135	$800	$800	$1,010	$1,360	$1,420
50137	$770	$770	$970	$1,310	$1,370
50141	$790	$810	$1,040	$1,370	$1,410
50153	$730	$770	$930	$1,240	$1,310
50161	$830	$880	$1,000	$1,380	$1,610
50162	$1,050	$1,080	$1,410	$1,850	$1,860
50168	$810	$830	$1,000	$1,350	$1,490
50169	$770	$800	$960	$1,300	$1,340
50170	$720	$740	$930	$1,230	$1,300
50208	$790	$800	$1,000	$1,340	$1,410
50214	$760	$820	$1,030	$1,290	$1,410
50228	$770	$780	$980	$1,310	$1,380
50232	$900	$910	$1,140	$1,530	$1,610
50234	$740	$760	$970	$1,290	$1,340
50237	$750	$780	$930	$1,260	$1,300
50242	$710	$830	$990	$1,370	$1,400
50251	$760	$760	$960	$1,290	$1,350

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Jasper County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $95,900 (FY2025: $95,300, +0.6%). 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%)	$20,150 +1.3%	$23,000 +1.1%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$33,600 +1.4%	$38,400 +1.3%	$43,200 +1.3%	$47,950 +1.3%	$51,800 +1.3%	$55,650 +1.4%	$59,500 +1.3%	$63,300 +1.3%
Low income (80%)	$53,700 +1.2%	$61,400 +1.3%	$69,050 +1.2%	$76,700 +1.3%	$82,850 +1.2%	$89,000 +1.3%	$95,150 +1.3%	$101,250 +1.3%

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.