ZIP 50251 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 50251 in the Jasper County, IA FMR area.

Jasper County, IA

$760Efficiency

$7601 bedroom

$9602 bedrooms

$1,2903 bedrooms

$1,3504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$782
1 bedroom	$760	$684	$836	$787
2 bedrooms	$960	$864	$1,056	$989
3 bedrooms	$1,290	$1,161	$1,419	$1,330
4 bedrooms	$1,350	$1,215	$1,485	$1,395

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

Mahaska County, IA

$760Efficiency

$7601 bedroom

$9602 bedrooms

$1,2903 bedrooms

$1,3504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$718
1 bedroom	$760	$684	$836	$723
2 bedrooms	$960	$864	$1,056	$946
3 bedrooms	$1,290	$1,161	$1,419	$1,157
4 bedrooms	$1,350	$1,215	$1,485	$1,243

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

Income in ZIP 50251

$97,314average adjusted gross income per tax return (2022)

$54,861average salaries and wages per return

590tax returns filed

12%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	16.9%
$25,000 to $50,000	15.3%
$50,000 to $75,000	16.9%
$75,000 to $100,000	18.6%
$100,000 to $200,000	25.4%
$200,000 or more	6.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 5.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 50251?

HUD's FY2027 Small Area FMRs for ZIP 50251 (Jasper County, IA) are $760 efficiency, $760 one bedroom, $960 two bedrooms, $1,290 three and $1,350 four bedrooms.

What payment standard can a housing authority set in ZIP 50251?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $864 to $1,056.

How affordable is rent in ZIP 50251?

Tax returns filed from ZIP 50251 reported an average adjusted gross income of $97,314 (2022). A two-bedroom unit at the Small Area FMR costs $11,520 a year, or 12% of that income.