Rental Benchmark Overview
2-Bedroom Benchmark Rent
$971$11,652 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Sioux County, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Sioux 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 | $735 | $8,820 | $29,400 | $14.13/hr |
| 1-Bedroom Apartment | $740 | $8,880 | $29,600 | $14.23/hr |
| 2-Bedroom ApartmentStandard Benchmark | $971 | $11,652 | $38,840 | $18.67/hr |
| 3-Bedroom Home | $1,246 | $14,952 | $49,840 | $23.96/hr |
| 4-Bedroom Home | $1,351 | $16,212 | $54,040 | $25.98/hr |
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Frequently Asked Questions About Rent in Sioux County, IA
What is the Fair Market Rent for a 2-bedroom in Sioux County, IA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Sioux County, IA is $971 per month ($11,652 per year).
What hourly wage is needed to afford rent in Sioux County, IA?
To comfortably afford a 2-bedroom apartment at $971/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.67 per hour ($38,840/year).
What are the HUD Fair Market Rents by bedroom count in Sioux County, IA?
Official 2026 HUD rents in Sioux County, IA are: Studio: $735/mo, 1-Bedroom: $740/mo, 2-Bedroom: $971/mo, 3-Bedroom: $1,246/mo, and 4-Bedroom: $1,351/mo.
How do HUD Fair Market Rents compare to local incomes in Sioux County, IA?
At the local Census ACS median household income of $86,098/year ($7,175/month), the benchmark 2-bedroom Fair Market Rent represents 13.5% of monthly income.
How is the 30% housing affordability standard calculated in Sioux County, IA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $971/month, the required minimum annual gross income is calculated as ($971 × 12) ÷ 0.30 = $38,840 per year.