Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,043$12,516 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Davis County, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Davis 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 | $774 | $9,288 | $30,960 | $14.88/hr |
| 1-Bedroom Apartment | $795 | $9,540 | $31,800 | $15.29/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,043 | $12,516 | $41,720 | $20.06/hr |
| 3-Bedroom Home | $1,251 | $15,012 | $50,040 | $24.06/hr |
| 4-Bedroom Home | $1,392 | $16,704 | $55,680 | $26.77/hr |
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Frequently Asked Questions About Rent in Davis County, IA
What is the Fair Market Rent for a 2-bedroom in Davis County, IA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Davis County, IA is $1,043 per month ($12,516 per year).
What hourly wage is needed to afford rent in Davis County, IA?
To comfortably afford a 2-bedroom apartment at $1,043/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.06 per hour ($41,720/year).
What are the HUD Fair Market Rents by bedroom count in Davis County, IA?
Official 2026 HUD rents in Davis County, IA are: Studio: $774/mo, 1-Bedroom: $795/mo, 2-Bedroom: $1,043/mo, 3-Bedroom: $1,251/mo, and 4-Bedroom: $1,392/mo.
How do HUD Fair Market Rents compare to local incomes in Davis County, IA?
At the local Census ACS median household income of $77,194/year ($6,433/month), the benchmark 2-bedroom Fair Market Rent represents 16.2% of monthly income.
How is the 30% housing affordability standard calculated in Davis County, IA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,043/month, the required minimum annual gross income is calculated as ($1,043 × 12) ÷ 0.30 = $41,720 per year.