ZIP 52216 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 52216 in the Jones County, IA FMR area.

Jones County, IA

$710Efficiency

$7401 bedroom

$9602 bedrooms

$1,2603 bedrooms

$1,2604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$710	$639	$781	$646
1 bedroom	$740	$666	$814	$734
2 bedrooms	$960	$864	$1,056	$927
3 bedrooms	$1,260	$1,134	$1,386	$1,214
4 bedrooms	$1,260	$1,134	$1,386	$1,218

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

Cedar County, IA

$710Efficiency

$7401 bedroom

$9602 bedrooms

$1,2603 bedrooms

$1,2604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$710	$639	$781	$720
1 bedroom	$740	$666	$814	$741
2 bedrooms	$960	$864	$1,056	$969
3 bedrooms	$1,260	$1,134	$1,386	$1,269
4 bedrooms	$1,260	$1,134	$1,386	$1,274

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

Income in ZIP 52216

$70,312average adjusted gross income per tax return (2022)

$41,882average salaries and wages per return

680tax returns filed

16%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	25.0%
$25,000 to $50,000	20.6%
$50,000 to $75,000	19.1%
$75,000 to $100,000	13.2%
$100,000 to $200,000	17.6%
$200,000 or more	4.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 52216?

HUD's FY2027 Small Area FMRs for ZIP 52216 (Jones County, IA) are $710 efficiency, $740 one bedroom, $960 two bedrooms, $1,260 three and $1,260 four bedrooms.

What payment standard can a housing authority set in ZIP 52216?

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 52216?

Tax returns filed from ZIP 52216 reported an average adjusted gross income of $70,312 (2022). A two-bedroom unit at the Small Area FMR costs $11,520 a year, or 16% of that income.