Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,010$12,120 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Buena Vista County, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Buena Vista County, IA
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $765 | $9,180 | $30,600 | $14.71/hr |
| 1-Bedroom Apartment | $770 | $9,240 | $30,800 | $14.81/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,010 | $12,120 | $40,400 | $19.42/hr |
| 3-Bedroom Home | $1,240 | $14,880 | $49,600 | $23.85/hr |
| 4-Bedroom Home | $1,337 | $16,044 | $53,480 | $25.71/hr |
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Frequently Asked Questions About Rent in Buena Vista County, IA
What is the Fair Market Rent for a 2-bedroom in Buena Vista County, IA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Buena Vista County, IA is $1,010 per month ($12,120 per year).
What hourly wage is needed to afford rent in Buena Vista County, IA?
To comfortably afford a 2-bedroom apartment at $1,010/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.42 per hour ($40,400/year).
What are the HUD Fair Market Rents by bedroom count in Buena Vista County, IA?
Official 2026 HUD rents in Buena Vista County, IA are: Studio: $765/mo, 1-Bedroom: $770/mo, 2-Bedroom: $1,010/mo, 3-Bedroom: $1,240/mo, and 4-Bedroom: $1,337/mo.
How do HUD Fair Market Rents compare to local incomes in Buena Vista County, IA?
At the local Census ACS median household income of $71,719/year ($5,977/month), the benchmark 2-bedroom Fair Market Rent represents 16.9% of monthly income.
How is the 30% housing affordability standard calculated in Buena Vista County, IA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,010/month, the required minimum annual gross income is calculated as ($1,010 × 12) ÷ 0.30 = $40,400 per year.