ZIP 50234 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 50234 in the Jasper County, IA FMR area.

Jasper County, IA

$740Efficiency

$7601 bedroom

$9702 bedrooms

$1,2903 bedrooms

$1,3404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$740	$666	$814	$782
1 bedroom	$760	$684	$836	$787
2 bedrooms	$970	$873	$1,067	$989
3 bedrooms	$1,290	$1,161	$1,419	$1,330
4 bedrooms	$1,340	$1,206	$1,474	$1,395

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

Marshall County, IA

$740Efficiency

$7601 bedroom

$9702 bedrooms

$1,2903 bedrooms

$1,3404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$740	$666	$814	$698
1 bedroom	$760	$684	$836	$719
2 bedrooms	$970	$873	$1,067	$940
3 bedrooms	$1,290	$1,161	$1,419	$1,231
4 bedrooms	$1,340	$1,206	$1,474	$1,235

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

Income in ZIP 50234

$93,037average adjusted gross income per tax return (2022)

$63,793average salaries and wages per return

270tax returns filed

13%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	22.2%
$25,000 to $50,000	14.8%
$50,000 to $75,000	18.5%
$75,000 to $100,000	11.1%
$100,000 to $200,000	22.2%
$200,000 or more	11.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 0.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 50234?

HUD's FY2027 Small Area FMRs for ZIP 50234 (Jasper County, IA) are $740 efficiency, $760 one bedroom, $970 two bedrooms, $1,290 three and $1,340 four bedrooms.

What payment standard can a housing authority set in ZIP 50234?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $873 to $1,067.

How affordable is rent in ZIP 50234?

Tax returns filed from ZIP 50234 reported an average adjusted gross income of $93,037 (2022). A two-bedroom unit at the Small Area FMR costs $11,640 a year, or 13% of that income.