Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,084$13,008 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Jefferson County, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Jefferson 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 | $821 | $9,852 | $32,840 | $15.79/hr |
| 1-Bedroom Apartment | $826 | $9,912 | $33,040 | $15.88/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,084 | $13,008 | $43,360 | $20.85/hr |
| 3-Bedroom Home | $1,300 | $15,600 | $52,000 | $25.00/hr |
| 4-Bedroom Home | $1,435 | $17,220 | $57,400 | $27.60/hr |
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Frequently Asked Questions About Rent in Jefferson County, IA
What is the Fair Market Rent for a 2-bedroom in Jefferson County, IA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Jefferson County, IA is $1,084 per month ($13,008 per year).
What hourly wage is needed to afford rent in Jefferson County, IA?
To comfortably afford a 2-bedroom apartment at $1,084/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.85 per hour ($43,360/year).
What are the HUD Fair Market Rents by bedroom count in Jefferson County, IA?
Official 2026 HUD rents in Jefferson County, IA are: Studio: $821/mo, 1-Bedroom: $826/mo, 2-Bedroom: $1,084/mo, 3-Bedroom: $1,300/mo, and 4-Bedroom: $1,435/mo.
How do HUD Fair Market Rents compare to local incomes in Jefferson County, IA?
At the local Census ACS median household income of $61,620/year ($5,135/month), the benchmark 2-bedroom Fair Market Rent represents 21.1% of monthly income.
How is the 30% housing affordability standard calculated in Jefferson County, IA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,084/month, the required minimum annual gross income is calculated as ($1,084 × 12) ÷ 0.30 = $43,360 per year.