Rental Benchmark Overview
2-Bedroom Benchmark Rent
$919$11,028 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Union County, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Union 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 | $634 | $7,608 | $25,360 | $12.19/hr |
| 1-Bedroom Apartment | $700 | $8,400 | $28,000 | $13.46/hr |
| 2-Bedroom ApartmentStandard Benchmark | $919 | $11,028 | $36,760 | $17.67/hr |
| 3-Bedroom Home | $1,212 | $14,544 | $48,480 | $23.31/hr |
| 4-Bedroom Home | $1,217 | $14,604 | $48,680 | $23.40/hr |
See comprehensive cost of living profile for Union County, IA →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Iowa:
Frequently Asked Questions About Rent in Union County, IA
What is the Fair Market Rent for a 2-bedroom in Union County, IA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Union County, IA is $919 per month ($11,028 per year).
What hourly wage is needed to afford rent in Union County, IA?
To comfortably afford a 2-bedroom apartment at $919/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.67 per hour ($36,760/year).
What are the HUD Fair Market Rents by bedroom count in Union County, IA?
Official 2026 HUD rents in Union County, IA are: Studio: $634/mo, 1-Bedroom: $700/mo, 2-Bedroom: $919/mo, 3-Bedroom: $1,212/mo, and 4-Bedroom: $1,217/mo.
How do HUD Fair Market Rents compare to local incomes in Union County, IA?
At the local Census ACS median household income of $57,772/year ($4,814/month), the benchmark 2-bedroom Fair Market Rent represents 19.1% of monthly income.
How is the 30% housing affordability standard calculated in Union County, IA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $919/month, the required minimum annual gross income is calculated as ($919 × 12) ÷ 0.30 = $36,760 per year.