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2025 FMR And Section 8 Rents For Boone County IA

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of boone-county, IA.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
2791$720$810$970$1330$1350
2790$614$685$900$1270$1350
2764$620$690$910$1280$1360
2779$720$810$970$1330$1510
2802$614$685$900$1268$1348
2812$720$810$970$1330$1350
2808$730$790$900$1268$1510
2763$614$685$900$1270$1350
2767$614$685$900$1270$1350
2806$870$940$1110$1550$1700
2769$614$685$900$1270$1350
2771$720$780$900$1268$1510
2807$720$810$970$1330$1510
2804$780$880$1150$1620$1720
2813$614$685$900$1268$1348
2770$614$685$900$1270$1350
2762$940$1020$1150$1620$1940
2780$614$685$900$1268$1348
2766$720$810$970$1330$1350
2809$614$685$900$1268$1348
2777$614$685$900$1270$1350

Zip Code:

2791

Studio Rent:

$720

1 Bedroom Rent:

$810

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1330

4 Bedroom Rent:

$1350

Zip Code:

2790

Studio Rent:

$614

1 Bedroom Rent:

$685

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1270

4 Bedroom Rent:

$1350

Zip Code:

2764

Studio Rent:

$620

1 Bedroom Rent:

$690

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1280

4 Bedroom Rent:

$1360

Zip Code:

2779

Studio Rent:

$720

1 Bedroom Rent:

$810

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1330

4 Bedroom Rent:

$1510

Zip Code:

2802

Studio Rent:

$614

1 Bedroom Rent:

$685

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1268

4 Bedroom Rent:

$1348

Zip Code:

2812

Studio Rent:

$720

1 Bedroom Rent:

$810

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1330

4 Bedroom Rent:

$1350

Zip Code:

2808

Studio Rent:

$730

1 Bedroom Rent:

$790

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1268

4 Bedroom Rent:

$1510

Zip Code:

2763

Studio Rent:

$614

1 Bedroom Rent:

$685

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1270

4 Bedroom Rent:

$1350

Zip Code:

2767

Studio Rent:

$614

1 Bedroom Rent:

$685

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1270

4 Bedroom Rent:

$1350

Zip Code:

2806

Studio Rent:

$870

1 Bedroom Rent:

$940

2 Bedroom Rent:

$1110

3 Bedroom Rent:

$1550

4 Bedroom Rent:

$1700

Zip Code:

2769

Studio Rent:

$614

1 Bedroom Rent:

$685

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1270

4 Bedroom Rent:

$1350

Zip Code:

2771

Studio Rent:

$720

1 Bedroom Rent:

$780

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1268

4 Bedroom Rent:

$1510

Zip Code:

2807

Studio Rent:

$720

1 Bedroom Rent:

$810

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1330

4 Bedroom Rent:

$1510

Zip Code:

2804

Studio Rent:

$780

1 Bedroom Rent:

$880

2 Bedroom Rent:

$1150

3 Bedroom Rent:

$1620

4 Bedroom Rent:

$1720

Zip Code:

2813

Studio Rent:

$614

1 Bedroom Rent:

$685

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1268

4 Bedroom Rent:

$1348

Zip Code:

2770

Studio Rent:

$614

1 Bedroom Rent:

$685

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1270

4 Bedroom Rent:

$1350

Zip Code:

2762

Studio Rent:

$940

1 Bedroom Rent:

$1020

2 Bedroom Rent:

$1150

3 Bedroom Rent:

$1620

4 Bedroom Rent:

$1940

Zip Code:

2780

Studio Rent:

$614

1 Bedroom Rent:

$685

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1268

4 Bedroom Rent:

$1348

Zip Code:

2766

Studio Rent:

$720

1 Bedroom Rent:

$810

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1330

4 Bedroom Rent:

$1350

Zip Code:

2809

Studio Rent:

$614

1 Bedroom Rent:

$685

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1268

4 Bedroom Rent:

$1348

Zip Code:

2777

Studio Rent:

$614

1 Bedroom Rent:

$685

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1270

4 Bedroom Rent:

$1350

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.