What is the Fair Market Rent for a 2-bedroom in Plymouth County, IA HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Plymouth County, IA HUD Metro FMR Area is $715 per month for fiscal year 2021. The studio FMR is $472, 1-bedroom is $592, 3-bedroom is $1,023, and 4-bedroom is $1,053.

What income do you need to afford the FMR in Plymouth County, IA HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $28,600 per year ($2,383 per month) to afford the FY2021 2-bedroom Fair Market Rent of $715 in Plymouth County, IA HUD Metro FMR Area.

FY2021 Fair Market Rents — Plymouth County, IA HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2021 in this area are:

Studio

$472

1BR

$592

2BR

$715

3BR

$1,023

4BR

$1,053

Hours/week at min wage

76 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

National rank

#577

of 632 U.S. metros (top 92% most expensive)

YoY change (2BR)

+4.1%

+$28 vs FY2020

Voucher payment standard

$644–$787

PHAs set HCV payment at 90–110% of the 2BR FMR

Plymouth County, IA HUD Metro FMR Area

Metropolitan area · IA · View full history · Income limits · LIHTC rents

FY2021 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$472	$5,664
1-Bedroom	$592	$7,104
2-Bedroom	$715	$8,580
3-Bedroom	$1,023	$12,276
4-Bedroom	$1,053	$12,636

Recent 2-Bedroom FMR Trend

FY2017 $661 → FY2021 $715

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2021	$472	$592	$715	$1,023	$1,053
FY2020	$448	$564	$687	$991	$996
FY2019	$427	$530	$664	$894	$898
FY2018	$431	$521	$675	$848	$919
FY2017	$419	$497	$661	$827	$911

View full FMR history back to FY2000 →

FY2021 Income Limits

Area Median Income (AMI): $82,200

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$17,300	$19,750	$22,200	$26,500	$31,040	$35,580
50% AMI (Very Low)	$28,800	$32,900	$37,000	$41,100	$44,400	$47,700
80% AMI (Low)	$46,050	$52,600	$59,200	$65,750	$71,050	$76,300

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$8,580/yr

FMR as % of Area Median Income

10.4% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$28,600/yr

$2,383/mo gross income

FY2021 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	$719	$822	$924	$1,109	$1,191
60% AMI Maximum	$863	$986	$1,109	$1,331	$1,430

FY2021 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	$472	$592	$715	$1,023	$1,053
Low HOME Rent	$720	$822	$925	$1,027	$1,110

Compare Plymouth County, IA HUD Metro FMR Area With Other IA Metros

vs. Ames, IA MSA vs. Benton County, IA HUD Metro FMR Area vs. Boone County, IA HUD Metro FMR Area vs. Bremer County, IA HUD Metro FMR Area vs. Cedar Rapids, IA HUD Metro FMR Area