FY2026 Fair Market Rents — Cerro Gordo County
Studio
$746
1BR
$750
2BR
$949
3BR
$1,226
4BR
$1,446
Cerro Gordo County, Iowa
FIPS 19033 · County-level FMR and income limit data
FMR Area: Cerro Gordo County, IA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $746 | $8,952 |
| 1-Bedroom | $750 | $9,000 |
| 2-Bedroom | $949 | $11,388 |
| 3-Bedroom | $1,226 | $14,712 |
| 4-Bedroom | $1,446 | $17,352 |
To afford the FY2026 2-bedroom FMR of $949/mo under the 30%-of-income rule, a household needs about
$37,960/yr ($3,163/mo). Area Median Income is $97,400.
At IA's federal minimum wage of $7.25/hr, a worker would need to work 101 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $746 | $750 | $949 | $1,226 | $1,446 |
| FY2025 | $701 | $706 | $917 | $1,175 | $1,399 |
| FY2024 | $649 | $677 | $889 | $1,145 | $1,323 |
| FY2023 | $610 | $634 | $835 | $1,080 | $1,262 |
| FY2022 | $545 | $624 | $821 | $1,065 | $1,246 |
| FY2021 | $511 | $588 | $775 | $1,004 | $1,210 |
| FY2020 | $495 | $576 | $759 | $980 | $1,187 |
FY2026 Income Limits
Area Median Income: $97,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,450 | $23,400 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,100 | $39,000 | $43,850 | $48,700 | $52,600 | $56,500 |
| 80% AMI | $54,550 | $62,350 | $70,150 | $77,900 | $84,150 | $90,400 |