FY2026 Fair Market Rents — Louisa County
Studio
$682
1BR
$700
2BR
$919
3BR
$1,124
4BR
$1,223
Louisa County, Iowa
FIPS 19115 · County-level FMR and income limit data
FMR Area: Louisa 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 | $1,124 | $13,488 |
| 4-Bedroom | $1,223 | $14,676 |
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 $97,300.
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 | $1,124 | $1,223 |
| FY2025 | $601 | $668 | $877 | $1,080 | $1,163 |
| FY2024 | $584 | $688 | $862 | $1,107 | $1,148 |
| FY2023 | $532 | $645 | $795 | $1,028 | $1,068 |
| FY2022 | $491 | $596 | $739 | $958 | $1,002 |
| FY2021 | $475 | $554 | $720 | $920 | $976 |
| FY2020 | $477 | $535 | $705 | $892 | $955 |
FY2026 Income Limits
Area Median Income: $97,300
| 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 | $38,950 | $43,800 | $48,650 | $52,550 | $56,450 |
| 80% AMI | $54,500 | $62,300 | $70,100 | $77,850 | $84,100 | $90,350 |