Clay County, IA
Section 8 Fair Market Rents · FY 2026
Fair Market Rents by bedroom size
HUD sets FMRs annually. Local PHAs set their payment standards at 90–110% of FMR (higher with HUD approval) — the ranges below are estimates; confirm with the housing authority.
| Bedroom size | Fair Market Rent | Est. payment standard range |
|---|---|---|
| Studio | $682/mo | $614 – $750/mo |
| 1 BR | $700/mo | $630 – $770/mo |
| 2 BR | $919/mo | $827 – $1,011/mo |
| 3 BR | $1,198/mo | $1,078 – $1,318/mo |
| 4 BR | $1,217/mo | $1,095 – $1,339/mo |
Fair Market Rent by unit size — Clay County, IA (FY 2026)
Source: HUD FY 2026 data for Clay County. Payment standard ranges shown are 90–110% of FMR; actual standards vary by housing authority.
Housing authority serving Clay County
- Northwest Iowa Regional Housing Authority
2016 Highway Blvd, Spencer, IA, 51301 · 7122627460
Am I eligible?
To qualify for a Housing Choice Voucher in Clay County, your household's gross annual income generally must be at or below the limits below (50% of area median income, as set by HUD). Most agencies are required to prioritize applicants at or below 30% AMI for at least 75% of new vouchers.
| Household size | Max gross annual income |
|---|---|
| 1 person | $33,150 |
| 2 people | $37,900 |
| 3 people | $42,650 |
| 4 people | $47,350 |
| 5 people | $51,150 |
| 6 people | $54,950 |
| 7 people | $58,750 |
| 8 people | $62,550 |
Source: HUD Income Limits, 2026. Meeting the income limit does not guarantee a voucher — waiting lists, local preferences, and funding levels vary by housing authority. Learn more about eligibility →
Income-restricted housing in Clay County
These properties were built or rehabilitated using the federal Low-Income Housing Tax Credit (LIHTC) program and must rent a portion of units below market rate. Many, but not all, accept Section 8 Housing Choice Vouchers — contact the property directly to confirm current availability and voucher acceptance.
- 52 income-restricted units52 1BRBuilt 20214% + 9% LIHTCCompliance through ~2051
SUNSET APARTMENTS
118 EAST 21ST STREET, SPENCER, IA, 51301-236391 income-restricted units91 1BRBuilt 20199% LIHTCCompliance through ~2049SOUTHERN POINTE
902 13TH ST SW, SPENCER, IA, 51301-556627 income-restricted units of 30 total26 3BR, 4 4BR+Built 20174% LIHTCCompliance through ~2047OLD SPENCER SCHOOL
104 E FOURTH ST, SPENCER, IA, 5130116 income-restricted units8 1BR, 8 2BRBuilt 20094% + 9% LIHTCCompliance through ~2039FAIRWAY ESTATES
100 12TH ST SW, SPENCER, IA, 5130124 income-restricted units12 2BR, 12 3BRBuilt 20014% LIHTCCompliance through ~2031WEBB APTS
515 BOYDEN ST, WEBB, IA, 513668 income-restricted unitsBuilt 1992Compliance through ~2022
Source: HUD LIHTC Public-Use Database. Properties shown were placed in service within the last 35 years and may still be under compliance obligations. Verify availability, income limits, and voucher acceptance directly with each property. More on finding affordable housing →
Estimate your voucher payment
Enter a Clay County ZIP code in the Voucher Payment Estimator for a personalized rent and subsidy estimate based on local FMR data.
Estimate payment →Investor: find your price ceiling
Use the Property Budget Calculator to find the max purchase price that hits your target return on a Section 8 unit in this market.
Run the numbers →