FY2026 Fair Market Rents — Wapello County
Studio
$793
1BR
$814
2BR
$1,068
3BR
$1,354
4BR
$1,468
Wapello County, Iowa
FIPS 19179 · County-level FMR and income limit data
FMR Area: Wapello County, IA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $793 | $9,516 |
| 1-Bedroom | $814 | $9,768 |
| 2-Bedroom | $1,068 | $12,816 |
| 3-Bedroom | $1,354 | $16,248 |
| 4-Bedroom | $1,468 | $17,616 |
To afford the FY2026 2-bedroom FMR of $1,068/mo under the 30%-of-income rule, a household needs about
$42,720/yr ($3,560/mo). Area Median Income is $83,000.
At IA's federal minimum wage of $7.25/hr, a worker would need to work 114 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $793 | $814 | $1,068 | $1,354 | $1,468 |
| FY2025 | $750 | $776 | $1,018 | $1,271 | $1,467 |
| FY2024 | $728 | $759 | $997 | $1,219 | $1,506 |
| FY2023 | $647 | $672 | $885 | $1,102 | $1,368 |
| FY2022 | $595 | $625 | $823 | $1,043 | $1,270 |
| FY2021 | $563 | $576 | $759 | $967 | $1,134 |
| FY2020 | $497 | $556 | $732 | $939 | $1,055 |
FY2026 Income Limits
Area Median Income: $83,000
| 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 |