What is the Fair Market Rent in Altoona, IA?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 50009, which covers Altoona, is $1,440 a month.

Across the whole Des Moines-West Des Moines, IA HUD Metro FMR Area the two-bedroom figure is $1,360.

The Census Bureau’s median gross rent for a two-bedroom home in Altoona is $1,256 (±$216), within its margin of the Small Area figure for ZIP 50009.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,360
2 bedrooms, ZIP 50009: $1,440

Fair Market Rents for Altoona, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Des Moines-West Des Moines, IA HUD Metro FMR Area (whole area)	$1,102	$1,145	$1,360	$1,856	$1,901	—
ZIP 50009 (42% of the ZIP’s land is in this place)	$1,170	$1,210	$1,440	$1,970	$2,010	$1,232

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Altoona

What is the Section 8 payment standard in Altoona?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Des Moines-West Des Moines, IA HUD Metro FMR Area is $1,360, and the Small Area figure for 50009 is $1,440.

What is the Fair Market Rent for a two-bedroom in ZIP 50009?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 50009 is $1,440 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,232 (±$99).

What is the Fair Market Rent for a one-bedroom in Altoona?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 50009 is $1,210 a month, against $1,145 across the Des Moines-West Des Moines, IA HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.