ZIP 50214 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 50214 in the Jasper County, IA FMR area.

Jasper County, IA

$760Efficiency

$8201 bedroom

$1,0302 bedrooms

$1,2903 bedrooms

$1,4104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$782
1 bedroom	$820	$738	$902	$787
2 bedrooms	$1,030	$927	$1,133	$989
3 bedrooms	$1,290	$1,161	$1,419	$1,330
4 bedrooms	$1,410	$1,269	$1,551	$1,395

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Marion County, IA

$760Efficiency

$8201 bedroom

$1,0302 bedrooms

$1,2903 bedrooms

$1,4104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$711
1 bedroom	$820	$738	$902	$826
2 bedrooms	$1,030	$927	$1,133	$1,021
3 bedrooms	$1,290	$1,161	$1,419	$1,217
4 bedrooms	$1,410	$1,269	$1,551	$1,378

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 50214

$110,160average adjusted gross income per tax return (2022)

$71,948average salaries and wages per return

400tax returns filed

11%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	20.0%
$25,000 to $50,000	15.0%
$50,000 to $75,000	17.5%
$75,000 to $100,000	10.0%
$100,000 to $200,000	27.5%
$200,000 or more	10.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 5.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 50214?

HUD's FY2027 Small Area FMRs for ZIP 50214 (Jasper County, IA) are $760 efficiency, $820 one bedroom, $1,030 two bedrooms, $1,290 three and $1,410 four bedrooms.

What payment standard can a housing authority set in ZIP 50214?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $927 to $1,133.

How affordable is rent in ZIP 50214?

Tax returns filed from ZIP 50214 reported an average adjusted gross income of $110,160 (2022). A two-bedroom unit at the Small Area FMR costs $12,360 a year, or 11% of that income.