2026–27 Section 8 Rent Limits for 51301

Spencer, IA • Clay County • Source: SAFMR

IA

How much will Section 8 pay for rent in 51301?

HUD's FY2027 Small Area Fair Market Rents for 51301 (Spencer, IA), effective October 1, 2026, are $750 for a studio, $750 for 1 bedroom, $990 for 2 bedrooms, $1,210 for 3 bedrooms and $1,310 for 4 bedrooms a month. These are gross rents: rent plus any utilities the tenant pays.

Your housing authority turns these into its payment standard — the most the voucher counts toward rent — normally between 90% and 110% of HUD's figure, so about $891–$1,089 for a 2-bedroom here. Moving to Work agencies can set theirs outside that range. You usually pay about 30% of your adjusted income plus any amount the gross rent is above the payment standard, and at move-in your share can't exceed 40% of adjusted monthly income. Confirm the amount with your housing authority.

HUD Small Area FMRs by bedroom (FY2027)

Monthly gross rent figures published by HUD for 51301, effective October 1, 2026. They are the benchmark for payment standards, not a cap on the rent a landlord can charge.

Unit Size HUD figure (monthly)
Studio $750
1 Bedroom $750
2 Bedroom $990
3 Bedroom $1,210
4 Bedroom $1,310
Effective date: 2026-10-01. Always confirm with your local PHA.

Voucher amounts nationwide by unit size: Studio · 1 Bedroom · 2 Bedroom · 3 Bedroom · 4 Bedroom

Do you qualify? See the Clay County income limits for Section 8.

Related ZIP Codes in Spencer

Browse other ZIP codes in the same city (hub-and-spoke linking).

Spencer has one ZIP code. Other ZIP codes in Iowa.