ZIP 50595 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 50595 in the Hamilton County, IA FMR area.

Hamilton County, IA

$760Efficiency

$8101 bedroom

$1,0202 bedrooms

$1,2203 bedrooms

$1,3904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$746
1 bedroom	$810	$729	$891	$796
2 bedrooms	$1,020	$918	$1,122	$1,004
3 bedrooms	$1,220	$1,098	$1,342	$1,196
4 bedrooms	$1,390	$1,251	$1,529	$1,320

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

Webster County, IA

$760Efficiency

$8101 bedroom

$1,0202 bedrooms

$1,2203 bedrooms

$1,3904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$667
1 bedroom	$810	$729	$891	$709
2 bedrooms	$1,020	$918	$1,122	$927
3 bedrooms	$1,220	$1,098	$1,342	$1,191
4 bedrooms	$1,390	$1,251	$1,529	$1,549

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

Wright County, IA

$760Efficiency

$8101 bedroom

$1,0202 bedrooms

$1,2203 bedrooms

$1,3904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$701
1 bedroom	$810	$729	$891	$722
2 bedrooms	$1,020	$918	$1,122	$944
3 bedrooms	$1,220	$1,098	$1,342	$1,125
4 bedrooms	$1,390	$1,251	$1,529	$1,241

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

Income in ZIP 50595

$71,925average adjusted gross income per tax return (2022)

$46,436average salaries and wages per return

4,030tax returns filed

17%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	25.6%
$25,000 to $50,000	26.8%
$50,000 to $75,000	17.4%
$75,000 to $100,000	10.9%
$100,000 to $200,000	15.1%
$200,000 or more	4.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 50595?

HUD's FY2027 Small Area FMRs for ZIP 50595 (Hamilton County, IA) are $760 efficiency, $810 one bedroom, $1,020 two bedrooms, $1,220 three and $1,390 four bedrooms.

What payment standard can a housing authority set in ZIP 50595?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $918 to $1,122.

How affordable is rent in ZIP 50595?

Tax returns filed from ZIP 50595 reported an average adjusted gross income of $71,925 (2022). A two-bedroom unit at the Small Area FMR costs $12,240 a year, or 17% of that income.