FY2026 Fair Market Rents — Black Hawk County
Studio
$725
1BR
$801
2BR
$1,051
3BR
$1,357
4BR
$1,763
Black Hawk County, Iowa
FIPS 19013 · County-level FMR and income limit data
FMR Area: Waterloo-Cedar Falls, IA HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $725 | $8,700 |
| 1-Bedroom | $801 | $9,612 |
| 2-Bedroom | $1,051 | $12,612 |
| 3-Bedroom | $1,357 | $16,284 |
| 4-Bedroom | $1,763 | $21,156 |
To afford the FY2026 2-bedroom FMR of $1,051/mo under the 30%-of-income rule, a household needs about
$42,040/yr ($3,503/mo). Area Median Income is $91,000.
At IA's federal minimum wage of $7.25/hr, a worker would need to work 112 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $725 | $801 | $1,051 | $1,357 | $1,763 |
| FY2025 | $684 | $760 | $997 | $1,301 | $1,674 |
| FY2024 | $640 | $737 | $944 | $1,250 | $1,602 |
| FY2023 | $629 | $740 | $934 | $1,241 | $1,591 |
| FY2022 | $611 | $707 | $889 | $1,178 | $1,499 |
| FY2021 | $592 | $670 | $839 | $1,111 | $1,413 |
| FY2020 | $517 | $604 | $763 | $996 | $1,249 |
FY2026 Income Limits
Area Median Income: $91,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,800 | $22,600 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,950 | $37,650 | $42,350 | $47,050 | $50,850 | $54,600 |
| 80% AMI | $52,750 | $60,250 | $67,800 | $75,300 | $81,350 | $87,350 |