Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,154$13,848 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Woodbury County, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Woodbury 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 | $796 | $9,552 | $31,840 | $15.31/hr |
| 1-Bedroom Apartment | $925 | $11,100 | $37,000 | $17.79/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,154 | $13,848 | $46,160 | $22.19/hr |
| 3-Bedroom Home | $1,386 | $16,632 | $55,440 | $26.65/hr |
| 4-Bedroom Home | $1,528 | $18,336 | $61,120 | $29.38/hr |
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Frequently Asked Questions About Rent in Woodbury County, IA
What is the Fair Market Rent for a 2-bedroom in Woodbury County, IA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Woodbury County, IA is $1,154 per month ($13,848 per year).
What hourly wage is needed to afford rent in Woodbury County, IA?
To comfortably afford a 2-bedroom apartment at $1,154/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.19 per hour ($46,160/year).
What are the HUD Fair Market Rents by bedroom count in Woodbury County, IA?
Official 2026 HUD rents in Woodbury County, IA are: Studio: $796/mo, 1-Bedroom: $925/mo, 2-Bedroom: $1,154/mo, 3-Bedroom: $1,386/mo, and 4-Bedroom: $1,528/mo.
How do HUD Fair Market Rents compare to local incomes in Woodbury County, IA?
At the local Census ACS median household income of $73,658/year ($6,138/month), the benchmark 2-bedroom Fair Market Rent represents 18.8% of monthly income.
How is the 30% housing affordability standard calculated in Woodbury County, IA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,154/month, the required minimum annual gross income is calculated as ($1,154 × 12) ÷ 0.30 = $46,160 per year.