Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,091$13,092 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Dickinson County, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Dickinson 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 | $826 | $9,912 | $33,040 | $15.88/hr |
| 1-Bedroom Apartment | $831 | $9,972 | $33,240 | $15.98/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,091 | $13,092 | $43,640 | $20.98/hr |
| 3-Bedroom Home | $1,314 | $15,768 | $52,560 | $25.27/hr |
| 4-Bedroom Home | $1,445 | $17,340 | $57,800 | $27.79/hr |
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Frequently Asked Questions About Rent in Dickinson County, IA
What is the Fair Market Rent for a 2-bedroom in Dickinson County, IA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Dickinson County, IA is $1,091 per month ($13,092 per year).
What hourly wage is needed to afford rent in Dickinson County, IA?
To comfortably afford a 2-bedroom apartment at $1,091/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.98 per hour ($43,640/year).
What are the HUD Fair Market Rents by bedroom count in Dickinson County, IA?
Official 2026 HUD rents in Dickinson County, IA are: Studio: $826/mo, 1-Bedroom: $831/mo, 2-Bedroom: $1,091/mo, 3-Bedroom: $1,314/mo, and 4-Bedroom: $1,445/mo.
How do HUD Fair Market Rents compare to local incomes in Dickinson County, IA?
At the local Census ACS median household income of $75,432/year ($6,286/month), the benchmark 2-bedroom Fair Market Rent represents 17.4% of monthly income.
How is the 30% housing affordability standard calculated in Dickinson County, IA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,091/month, the required minimum annual gross income is calculated as ($1,091 × 12) ÷ 0.30 = $43,640 per year.