FY2026 Fair Market Rents — Shelby County
Studio
$682
1BR
$838
2BR
$919
3BR
$1,278
4BR
$1,309
Shelby County, Iowa
FIPS 19165 · County-level FMR and income limit data
FMR Area: Shelby County, IA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $682 | $8,184 |
| 1-Bedroom | $838 | $10,056 |
| 2-Bedroom | $919 | $11,028 |
| 3-Bedroom | $1,278 | $15,336 |
| 4-Bedroom | $1,309 | $15,708 |
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 $99,300.
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 | $838 | $919 | $1,278 | $1,309 |
| FY2025 | $646 | $732 | $877 | $1,229 | $1,333 |
| FY2024 | $630 | $755 | $862 | $1,215 | $1,371 |
| FY2023 | $581 | $676 | $795 | $1,130 | $1,304 |
| FY2022 | $534 | $574 | $739 | $1,050 | $1,193 |
| FY2021 | $519 | $543 | $715 | $1,001 | $1,100 |
| FY2020 | $497 | $522 | $687 | $931 | $1,023 |
FY2026 Income Limits
Area Median Income: $99,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,900 | $23,850 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,800 | $39,750 | $44,700 | $49,650 | $53,650 | $57,600 |
| 80% AMI | $55,650 | $63,600 | $71,550 | $79,450 | $85,850 | $92,200 |