FY2026 Fair Market Rents — Clay County
Studio
$682
1BR
$700
2BR
$919
3BR
$1,198
4BR
$1,217
Clay County, Iowa
FIPS 19041 · County-level FMR and income limit data
FMR Area: Clay County, IA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $682 | $8,184 |
| 1-Bedroom | $700 | $8,400 |
| 2-Bedroom | $919 | $11,028 |
| 3-Bedroom | $1,198 | $14,376 |
| 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 $94,700.
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 | $700 | $919 | $1,198 | $1,217 |
| FY2025 | $646 | $697 | $877 | $1,158 | $1,163 |
| FY2024 | $630 | $700 | $862 | $1,142 | $1,148 |
| FY2023 | $542 | $657 | $811 | $1,100 | $1,154 |
| FY2022 | $510 | $591 | $768 | $1,050 | $1,261 |
| FY2021 | $524 | $548 | $722 | $1,016 | $1,209 |
| FY2020 | $497 | $522 | $687 | $968 | $1,154 |
FY2026 Income Limits
Area Median Income: $94,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,900 | $22,750 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,150 | $37,900 | $42,650 | $47,350 | $51,150 | $54,950 |
| 80% AMI | $53,050 | $60,600 | $68,200 | $75,750 | $81,850 | $87,900 |