FY2026 Fair Market Rents — Cherokee County
Studio
$682
1BR
$811
2BR
$919
3BR
$1,278
4BR
$1,414
Cherokee County, Iowa
FIPS 19035 · County-level FMR and income limit data
FMR Area: Cherokee County, IA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $682 | $8,184 |
| 1-Bedroom | $811 | $9,732 |
| 2-Bedroom | $919 | $11,028 |
| 3-Bedroom | $1,278 | $15,336 |
| 4-Bedroom | $1,414 | $16,968 |
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 $104,600.
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 | $682 | $811 | $919 | $1,278 | $1,414 |
| FY2025 | $646 | $792 | $877 | $1,229 | $1,473 |
| FY2024 | $630 | $768 | $862 | $1,215 | $1,463 |
| FY2023 | $581 | $704 | $795 | $1,130 | $1,354 |
| FY2022 | $534 | $643 | $739 | $1,050 | $1,228 |
| FY2021 | $519 | $574 | $715 | $1,023 | $1,147 |
| FY2020 | $497 | $559 | $687 | $991 | $1,047 |
FY2026 Income Limits
Area Median Income: $104,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,000 | $25,150 | $28,300 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $36,650 | $41,850 | $47,100 | $52,300 | $56,500 | $60,700 |
| 80% AMI | $58,600 | $67,000 | $75,350 | $83,700 | $90,400 | $97,100 |