FY2026 Fair Market Rents — Lucas County
Studio
$724
1BR
$743
2BR
$975
3BR
$1,250
4BR
$1,302
Lucas County, Iowa
FIPS 19117 · County-level FMR and income limit data
FMR Area: Lucas County, IA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $724 | $8,688 |
| 1-Bedroom | $743 | $8,916 |
| 2-Bedroom | $975 | $11,700 |
| 3-Bedroom | $1,250 | $15,000 |
| 4-Bedroom | $1,302 | $15,624 |
To afford the FY2026 2-bedroom FMR of $975/mo under the 30%-of-income rule, a household needs about
$39,000/yr ($3,250/mo). Area Median Income is $82,900.
At IA's federal minimum wage of $7.25/hr, a worker would need to work 104 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $724 | $743 | $975 | $1,250 | $1,302 |
| FY2025 | $720 | $745 | $977 | $1,177 | $1,295 |
| FY2024 | $717 | $747 | $981 | $1,186 | $1,306 |
| FY2023 | $690 | $717 | $944 | $1,149 | $1,268 |
| FY2022 | $635 | $667 | $878 | $1,085 | $1,191 |
| FY2021 | $608 | $635 | $837 | $1,041 | $1,135 |
| FY2020 | $571 | $599 | $789 | $983 | $1,069 |
FY2026 Income Limits
Area Median Income: $82,900
| 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 |