FY2026 Fair Market Rents — Carroll County, IA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$775
1BR
$788
2BR
$919
3BR
$1,162
4BR
$1,217
Hours/week at min wage
98 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+4.8%
+$42 vs FY2025 · 5-yr +28.5%
Voucher payment standard
$827–$1,011
PHAs set HCV payment at 90–110% of the 2BR FMR
Carroll County, IA
Non-Metropolitan area · IA · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $775 | $9,300 |
| 1-Bedroom | $788 | $9,456 |
| 2-Bedroom | $919 | $11,028 |
| 3-Bedroom | $1,162 | $13,944 |
| 4-Bedroom | $1,217 | $14,604 |
Recent 2-Bedroom FMR Trend
FY2020 $687 → FY2026 $919
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $775 | $788 | $919 | $1,162 | $1,217 |
| FY2025 | $601 | $726 | $877 | $1,104 | $1,163 |
| FY2024 | $586 | $656 | $862 | $1,119 | $1,148 |
| FY2023 | $551 | $604 | $795 | $1,064 | $1,068 |
| FY2022 | $534 | $562 | $739 | $998 | $1,002 |
| FY2021 | $519 | $543 | $715 | $966 | $970 |
| FY2020 | $497 | $522 | $687 | $927 | $931 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $103,900
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $21,850 | $24,950 | $28,050 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $36,400 | $41,600 | $46,800 | $51,950 | $56,150 | $60,300 |
| 80% AMI (Low) | $58,200 | $66,500 | $74,800 | $83,100 | $89,750 | $96,400 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$11,028/yr
FMR as % of Area Median Income
10.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$36,760/yr
$3,063/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $909 | $1,039 | $1,168 | $1,402 | $1,506 |
| 60% AMI Maximum | $1,090 | $1,246 | $1,402 | $1,683 | $1,807 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $775 | $788 | $919 | $1,162 | $1,217 |
| Low HOME Rent | $910 | $1,040 | $1,170 | $1,298 | $1,403 |
Compare Carroll County, IA With Other IA Metros
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vs. Cedar Rapids, IA HUD Metro FMR Area