Boone County fair market rent FY 2027Iowa, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Boone County, Iowa is $967 a month, effective October 1, 2026: $763 for a studio, $768 for one bedroom, $1,339 for three and $1,453 for four. It is set for the Boone County, IA HUD Metro FMR Area. The FY 2026 two-bedroom FMR was $1,026 (-5.8%).
Boone County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $763 | $783 | -2.6% | $686 to $839 |
| 1 bedroom | $768 | $788 | -2.5% | $691 to $844 |
| 2 bedrooms | $967 | $1,026 | -5.8% | $870 to $1,063 |
| 3 bedrooms | $1,339 | $1,427 | -6.2% | $1,205 to $1,472 |
| 4 bedrooms | $1,453 | $1,500 | -3.1% | $1,307 to $1,598 |
Monthly gross rent (rent plus tenant-paid utilities except telephone). FY 2027 runs October 1, 2026 to September 30, 2027. The payment standard basic range is 90 to 110 percent of the FMR (24 CFR 982.503(c)); the local housing agency sets the actual payment standard.
How Boone County compares
Boone County's two-bedroom FMR of $967 is the 35th highest of 99 counties in Iowa, where the county median is $927 and the range $927 to $1,450. Across all 3,144 US counties the median two-bedroom FMR is $1,071; Boone County ranks 2525th.
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Boone County, IA HUD Metro FMR Area it lists 21 ZIP codes, with two-bedroom Small Area FMRs from $930 to $1,300. This area is not one of HUD's designated Small Area FMR areas, so agencies use the area-wide FMR above unless they opt in.
Look up any ZIP code: fair market rent by ZIP code.
Fair market rents in nearby counties
All Iowa counties · Fair market rents in every state
More for Boone County
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- Boone County property tax rateEffective property tax rate from Census survey data: median taxes paid against median home value, ranked in the state.
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- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Boone County property
HeritageDeed does not search title records in Boone County yet; the counties it covers are listed under title search coverage, where a title report is $49 per report. For any US address, the Environmental Records Report lists Superfund, hazardous waste, leaking tank and brownfield sites nearby, with the flood zone.
Questions about Boone County fair market rent
What is the fair market rent in Boone County for FY 2027?
$763 for a studio, $768 for one bedroom, $967 for two, $1,339 for three and $1,453 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Boone County for FY 2026?
$783 for a studio, $788 for one bedroom, $1,026 for two, $1,427 for three and $1,500 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Boone County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $870 to $1,063 for two bedrooms here. The voucher then pays the lower of the payment standard or the gross rent, minus the family's total tenant payment, usually 30 percent of adjusted monthly income (24 CFR 982.505 and 5.628). The local housing agency publishes its own schedule.
Does fair market rent include utilities?
Yes. HUD's rule defines Fair Market Rents as "estimates of rent plus the cost of utilities, except telephone", set at the 40th percentile of rents for standard-quality units rented by recent movers (24 CFR 888.113).
Is Boone County's fair market rent high for Iowa?
$967 for two bedrooms ranks 35th of 99 counties in Iowa; the state's county median is $927 (range $927 to $1,450) and the national county median is $1,071.
Legal references
- 24 CFR 888.113, Fair market rents for existing housing: methodology
- 24 CFR 982.503, Voucher tenancy: payment standard amount and schedule
- 24 CFR 982.505, How to calculate housing assistance payment
JSON: /api/data/fair-market-rent/iowa/boone-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.