FY2026 Fair Market Rents — Carroll County
Studio
$775
1BR
$788
2BR
$919
3BR
$1,162
4BR
$1,217
Carroll County, Iowa
FIPS 19027 · County-level FMR and income limit data
FMR Area: Carroll County, IA
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 |
To afford the FY2026 2-bedroom FMR of $919/mo under the 30%-of-income rule, a household needs about
$36,760/yr ($3,063/mo). Area Median Income is $103,900.
At IA's federal minimum wage of $7.25/hr, a worker would need to work 98 hours/week to afford that rent.
Recent FMR Trend
| 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 |
FY2026 Income Limits
Area Median Income: $103,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,850 | $24,950 | $28,050 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $36,400 | $41,600 | $46,800 | $51,950 | $56,150 | $60,300 |
| 80% AMI | $58,200 | $66,500 | $74,800 | $83,100 | $89,750 | $96,400 |