FY2026 Fair Market Rents — Henry County
Studio
$647
1BR
$716
2BR
$939
3BR
$1,242
4BR
$1,360
Henry County, Iowa
FIPS 19087 · County-level FMR and income limit data
FMR Area: Henry County, IA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $647 | $7,764 |
| 1-Bedroom | $716 | $8,592 |
| 2-Bedroom | $939 | $11,268 |
| 3-Bedroom | $1,242 | $14,904 |
| 4-Bedroom | $1,360 | $16,320 |
To afford the FY2026 2-bedroom FMR of $939/mo under the 30%-of-income rule, a household needs about
$37,560/yr ($3,130/mo). Area Median Income is $86,600.
At IA's federal minimum wage of $7.25/hr, a worker would need to work 100 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $647 | $716 | $939 | $1,242 | $1,360 |
| FY2025 | $656 | $678 | $890 | $1,211 | $1,375 |
| FY2024 | $641 | $682 | $877 | $1,214 | $1,293 |
| FY2023 | $601 | $654 | $822 | $1,103 | $1,107 |
| FY2022 | $563 | $641 | $778 | $1,051 | $1,055 |
| FY2021 | $550 | $630 | $758 | $1,024 | $1,028 |
| FY2020 | $514 | $613 | $710 | $958 | $962 |
FY2026 Income Limits
Area Median Income: $86,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,800 | $22,600 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,950 | $37,650 | $42,350 | $47,050 | $50,850 | $54,600 |
| 80% AMI | $52,750 | $60,250 | $67,800 | $75,300 | $81,350 | $87,350 |