FY2026 Fair Market Rents — Hamilton County
Studio
$738
1BR
$791
2BR
$994
3BR
$1,192
4BR
$1,316
Hamilton County, Iowa
FIPS 19079 · County-level FMR and income limit data
FMR Area: Hamilton County, IA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $738 | $8,856 |
| 1-Bedroom | $791 | $9,492 |
| 2-Bedroom | $994 | $11,928 |
| 3-Bedroom | $1,192 | $14,304 |
| 4-Bedroom | $1,316 | $15,792 |
To afford the FY2026 2-bedroom FMR of $994/mo under the 30%-of-income rule, a household needs about
$39,760/yr ($3,313/mo). Area Median Income is $96,800.
At IA's federal minimum wage of $7.25/hr, a worker would need to work 106 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $738 | $791 | $994 | $1,192 | $1,316 |
| FY2025 | $704 | $753 | $955 | $1,151 | $1,266 |
| FY2024 | $691 | $720 | $946 | $1,144 | $1,260 |
| FY2023 | $642 | $668 | $879 | $1,070 | $1,181 |
| FY2022 | $584 | $614 | $808 | $999 | $1,286 |
| FY2021 | $547 | $578 | $754 | $938 | $1,121 |
| FY2020 | $513 | $553 | $709 | $884 | $1,245 |
FY2026 Income Limits
Area Median Income: $96,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,350 | $23,250 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,900 | $38,750 | $43,600 | $48,400 | $52,300 | $56,150 |
| 80% AMI | $54,250 | $62,000 | $69,750 | $77,450 | $83,650 | $89,850 |