Fair Market Rent · Iowa
Fair Market Rent in Shelby 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 Shelby County is $927 a month, +0.9% from FY2026. Shelby County is part of the Shelby 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 | $838 | $838 | 0% | $754–922 |
| 2 bedrooms | $927 | $919 | +0.9% | $834–1,020 |
| 3 bedrooms | $1,214 | $1,278 | -5% | $1,093–1,335 |
| 4 bedrooms | $1,218 | $1,309 | -7% | $1,096–1,340 |
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 Shelby 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 |
|---|---|---|---|---|
| 51446 | Irwin | $930 | – | $705 |
| 51447 | Kirkman | $1,180 | – | $1,167 |
| 51527 | Defiance | $930 | – | $689 |
| 51530 | Earling | $930 | – | $837 |
| 51531 | Elk Horn | $930 | $533 | $668 |
| 51537 | Harlan | $1,000 | $782 | $790 |
| 51562 | Panama | $1,010 | – | $940 |
| 51565 | Portsmouth | $1,010 | – | $833 |
| 51570 | Shelby | $1,010 | $841 | $840 |
| 51578 | Westphalia | $950 | – | – |
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.