ZIP 52218 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 52218 in the Cedar Rapids, IA FMR area.

Cedar Rapids, IA

$670Efficiency

$7601 bedroom

$9702 bedrooms

$1,3503 bedrooms

$1,6204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$670	$603	$737	$734
1 bedroom	$760	$684	$836	$806
2 bedrooms	$970	$873	$1,067	$1,054
3 bedrooms	$1,350	$1,215	$1,485	$1,459
4 bedrooms	$1,620	$1,458	$1,782	$1,762

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

Jones County, IA

$670Efficiency

$7601 bedroom

$9702 bedrooms

$1,3503 bedrooms

$1,6204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$670	$603	$737	$646
1 bedroom	$760	$684	$836	$734
2 bedrooms	$970	$873	$1,067	$927
3 bedrooms	$1,350	$1,215	$1,485	$1,214
4 bedrooms	$1,620	$1,458	$1,782	$1,218

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

Buchanan County, IA

$670Efficiency

$7601 bedroom

$9702 bedrooms

$1,3503 bedrooms

$1,6204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$670	$603	$737	$712
1 bedroom	$760	$684	$836	$716
2 bedrooms	$970	$873	$1,067	$937
3 bedrooms	$1,350	$1,215	$1,485	$1,297
4 bedrooms	$1,620	$1,458	$1,782	$1,522

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

Delaware County, IA

$670Efficiency

$7601 bedroom

$9702 bedrooms

$1,3503 bedrooms

$1,6204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$670	$603	$737	$688
1 bedroom	$760	$684	$836	$852
2 bedrooms	$970	$873	$1,067	$927
3 bedrooms	$1,350	$1,215	$1,485	$1,119
4 bedrooms	$1,620	$1,458	$1,782	$1,549

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

Income in ZIP 52218

$74,494average adjusted gross income per tax return (2022)

$53,293average salaries and wages per return

720tax returns filed

16%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	23.6%
$25,000 to $50,000	19.4%
$50,000 to $75,000	18.1%
$75,000 to $100,000	13.9%
$100,000 to $200,000	20.8%
$200,000 or more	4.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 52218?

HUD's FY2027 Small Area FMRs for ZIP 52218 (Cedar Rapids, IA) are $670 efficiency, $760 one bedroom, $970 two bedrooms, $1,350 three and $1,620 four bedrooms.

What payment standard can a housing authority set in ZIP 52218?

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 52218?

Tax returns filed from ZIP 52218 reported an average adjusted gross income of $74,494 (2022). A two-bedroom unit at the Small Area FMR costs $11,640 a year, or 16% of that income.