Rent by ZIP · Clay County
Rent in Spencer, IA 51301
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $990 (+3.1% vs FY2026). Renters in this ZIP code pay a median $807 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $750 | $720 | +4.2% | $675–825 | – |
| 1 bedroom | $750 | $730 | +2.7% | $675–825 | $529 ±$68 |
| 2 bedrooms | $990 | $960 | +3.1% | $891–1,089 | $878 ±$151 |
| 3 bedrooms | $1,210 | $1,200 | +0.8% | $1,089–1,331 | $1,042 ±$103 |
| 4 bedrooms | $1,310 | $1,270 | +3.1% | $1,179–1,441 | $1,043 ±$236 |
Small Area FMRs for the Clay County, IA. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Clay County, IA, 2 bedrooms: $927.
What renters pay in 51301
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 51331 | Arnolds Park | $1,070 | – |
| 51333 | Dickens | $1,180 | – |
| 51334 | Estherville | $990 | $695 |
| 51338 | Everly | $990 | $813 |
| 51340 | Fostoria | $930 | – |
| 51342 | Graettinger | $930 | $656 |
Fair Market Rents across Clay County, IA · All IA counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.