Hancock County, IA

2025 Fair Market Rents

Tags: 2025 Iowa

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Return to the state page to see where Iowa ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Hancock County are Forest City, Garner, Belmond, and Britt. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Hancock County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Hancock County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Hancock County compare?

Hancock County ($877) has a 6.5% lower FMR for 2-Bedroom housing than the average of Iowa ($938) and therefore has a lower gross rent.

Hancock County is rank 44th out of 99 counties. This means the FMRs, or in other words, the gross rent is higher than 55 other counties. Hancock County is the 44th most expensive county in terms of FMRs.

Rent Tables Hancock County, IA

Fair Market Rent (40th Percentile)

$646
studio
$716
1-Bedroom
$877
2-Bedroom
$1,182
3-Bedroom
$1,473
4-Bedroom

Median Rent (50th Percentile)

$646
studio
$716
1-Bedroom
$877
2-Bedroom
$1,182
3-Bedroom
$1,473
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
50421 $670 $690 $910 $1,100 $1,320
50423 $840 $930 $1,140 $1,540 $1,910
50430 $660 $730 $900 $1,190 $1,470
50432 $650 $720 $880 $1,180 $1,470
50436 $690 $730 $930 $1,260 $1,430
50438 $650 $720 $880 $1,180 $1,470
50439 $660 $710 $890 $1,160 $1,390
50447 $650 $710 $880 $1,160 $1,410
50483 $650 $700 $880 $1,090 $1,320
50484 $710 $770 $970 $1,250 $1,470
50430 $660 $730 $900 $1,190 $1,470
50542 $740 $770 $1,000 $1,230 $1,340
50430 $660 $730 $900 $1,190 $1,470
50483 $650 $700 $880 $1,090 $1,320
50484 $710 $770 $970 $1,250 $1,470
50423 $840 $930 $1,140 $1,540 $1,910
50436 $690 $730 $930 $1,260 $1,430
50484 $710 $770 $970 $1,250 $1,470
50421 $670 $690 $910 $1,100 $1,320
50430 $660 $730 $900 $1,190 $1,470
50447 $650 $710 $880 $1,160 $1,410
50542 $740 $770 $1,000 $1,230 $1,340
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
50421 $603 $621 $819 $990 $1,188
50423 $756 $837 $1,026 $1,386 $1,719
50430 $594 $657 $810 $1,071 $1,323
50432 $585 $648 $792 $1,062 $1,323
50436 $621 $657 $837 $1,134 $1,287
50438 $585 $648 $792 $1,062 $1,323
50439 $594 $639 $801 $1,044 $1,251
50447 $585 $639 $792 $1,044 $1,269
50483 $585 $630 $792 $981 $1,188
50484 $639 $693 $873 $1,125 $1,323
50430 $594 $657 $810 $1,071 $1,323
50542 $666 $693 $900 $1,107 $1,206
50430 $594 $657 $810 $1,071 $1,323
50483 $585 $630 $792 $981 $1,188
50484 $639 $693 $873 $1,125 $1,323
50423 $756 $837 $1,026 $1,386 $1,719
50436 $621 $657 $837 $1,134 $1,287
50484 $639 $693 $873 $1,125 $1,323
50421 $603 $621 $819 $990 $1,188
50430 $594 $657 $810 $1,071 $1,323
50447 $585 $639 $792 $1,044 $1,269
50542 $666 $693 $900 $1,107 $1,206
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
50421 $737 $759 $1,001 $1,210 $1,452
50423 $924 $1,023 $1,254 $1,694 $2,101
50430 $726 $803 $990 $1,309 $1,617
50432 $715 $792 $968 $1,298 $1,617
50436 $759 $803 $1,023 $1,386 $1,573
50438 $715 $792 $968 $1,298 $1,617
50439 $726 $781 $979 $1,276 $1,529
50447 $715 $781 $968 $1,276 $1,551
50483 $715 $770 $968 $1,199 $1,452
50484 $781 $847 $1,067 $1,375 $1,617
50430 $726 $803 $990 $1,309 $1,617
50542 $814 $847 $1,100 $1,353 $1,474
50430 $726 $803 $990 $1,309 $1,617
50483 $715 $770 $968 $1,199 $1,452
50484 $781 $847 $1,067 $1,375 $1,617
50423 $924 $1,023 $1,254 $1,694 $2,101
50436 $759 $803 $1,023 $1,386 $1,573
50484 $781 $847 $1,067 $1,375 $1,617
50421 $737 $759 $1,001 $1,210 $1,452
50430 $726 $803 $990 $1,309 $1,617
50447 $715 $781 $968 $1,276 $1,551
50542 $814 $847 $1,100 $1,353 $1,474

Fair Market Rents on this page apply to the following cities in Hancock County, Iowa: Forest City, Garner, Belmond, Britt, Kanawha, Goldfield, Wesley, Corwith, Crystal Lake, Goodell, and Woden.

These Fair Market Rents also apply to the following ZIP codes in Hancock County, Iowa: 50436, 50438, 50421, 50423, 50447, 50542, 50483, 50430, 50432, 50439, and 50484.

More on Hancock County, IA

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.