Boone County, IA HUD Metro FMR Area
FY 2026 HUD Fair Market Rents for the Boone County, IA HUD Metro FMR Area metro area. Population: 125,273.
Fair Market Rents (2026)
Studio
National avg: $893
$783/mo
↑ 9.7% YoY
-12% vs US
1 Bedroom
National avg: $959
$788/mo
↑ 9.6% YoY
-18% vs US
2 Bedroom
National avg: $1,175
$1,026/mo
↑ 10.3% YoY
-13% vs US
3 Bedroom
National avg: $1,525
$1,427/mo
↑ 9.5% YoY
-6% vs US
4 Bedroom
National avg: $1,756
$1,500/mo
↑ 14.1% YoY
-15% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $714 | $783 | +$69 (+9.7%) |
| 1 Bedroom | $719 | $788 | +$69 (+9.6%) |
| 2 Bedroom | $930 | $1,026 | +$96 (+10.3%) |
| 3 Bedroom | $1,303 | $1,427 | +$124 (+9.5%) |
| 4 Bedroom | $1,315 | $1,500 | +$185 (+14.1%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$31,520
$2,627/month gross
Required annual income for 2 BR
$41,040
$3,420/month gross
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.