Boone County, IA Fair Market Rent & Section 8 (FY2026)
Official HUD Fair Market Rent for Boone County (Boone County, IA HUD Metro FMR Area), with the typical 90–110% Section 8 voucher payment-standard range.
| Unit size | Fair Market Rent | Voucher range (90–110%) |
|---|---|---|
| Studio | $783 | $705–$861 |
| 1 BR | $788 | $709–$867 |
| 2 BR | $1,026 | $923–$1,129 |
| 3 BR | $1,427 | $1,284–$1,570 |
| 4 BR | $1,500 | $1,350–$1,650 |
Source: HUD FY2026 Fair Market Rents. Voucher range = 90–110% of FMR (your PHA sets the exact standard).
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What this means
If you rent (or are renting out) a home in Boone County with a Housing Choice Voucher, the housing authority caps assistance at its payment standard — usually 90–110% of the Fair Market Rent above. A 2-bedroom payment standard here is roughly $923–$1,129/month. The tenant generally pays about 30% of adjusted income toward rent and utilities, and the voucher covers the rest up to the standard. The unit must also pass a housing-quality inspection and a rent-reasonableness check.
Frequently asked questions
- What is the Fair Market Rent in Boone County, IA for 2026?
- For FY2026, HUD's Fair Market Rent in Boone County (Boone County, IA HUD Metro FMR Area) is $783 for a studio, $788 for 1 bedroom, $1,026 for 2 bedrooms, $1,427 for 3 bedrooms, and $1,500 for 4 bedrooms.
- How much will a Section 8 voucher cover in Boone County?
- Housing authorities set the payment standard between 90% and 110% of the Fair Market Rent. For a 2-bedroom in Boone County that range is about $923–$1,129 per month. Your local PHA sets the exact figure, and your share is generally about 30% of your adjusted monthly income.
- Is Fair Market Rent the same as the voucher amount?
- No. FMR is HUD's rent estimate for the area; the voucher payment standard is set by your local Public Housing Authority within 90–110% of FMR, and the rent must also pass a "rent reasonableness" review and a housing-quality inspection.