Fair Market Rent · Iowa
Fair Market Rent in Franklin County, IA
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Franklin County is $927 a month, +0.9% from FY2026. Franklin County is part of the Franklin County, IA (a non-metro county area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $688 | $682 | +0.9% | $619–757 |
| 1 bedroom | $709 | $700 | +1.3% | $638–780 |
| 2 bedrooms | $927 | $919 | +0.9% | $834–1,020 |
| 3 bedrooms | $1,143 | $1,168 | -2.1% | $1,029–1,257 |
| 4 bedrooms | $1,549 | $1,542 | +0.5% | $1,394–1,704 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Franklin County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 50041 | Bradford | $960 | – | – |
| 50227 | Popejoy | $930 | – | – |
| 50420 | Alexander | $930 | – | – |
| 50427 | Chapin | $930 | – | – |
| 50431 | Coulter | $930 | $675 | $693 |
| 50441 | Hampton | $930 | $826 | $621 |
| 50452 | Latimer | $1,120 | $1,014 | $1,000 |
| 50475 | Sheffield | $930 | $638 | $704 |
| 50601 | Ackley | $950 | $687 | $827 |
| 50605 | Aredale | $970 | – | $575 |
| 50633 | Geneva | $930 | – | $531 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.