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Louisa County, IA

2024 Fair Market Rents

Tags: 2024 Iowa

Return to the state page to see where Iowa ranks nationally and to view information on other counties. Click on the map to view a different county.

The top 4 largest cities in Louisa County are Muscatine, Columbus Junction, Wapello, and Letts. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Louisa County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Louisa County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Louisa County compare?

Louisa County ($862) has a 5.2% lower FMR for 2-Bedroom housing than the average of Iowa ($909) and therefore has a lower gross rent.

Louisa County is rank 90th out of 99 counties. This means the FMRs, or in other words, the gross rent is lower than 89 other counties. Louisa County is the 10th cheapest county in terms of FMRs.

Rent Tables Louisa County, IA

Fair Market Rent (40th Percentile)

$584
studio
$688
1-Bedroom
$862
2-Bedroom
$1,107
3-Bedroom
$1,148
4-Bedroom

Median Rent (50th Percentile)

$590
studio
$695
1-Bedroom
$871
2-Bedroom
$1,118
3-Bedroom
$1,160
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
52201 $0 $660 $860 $1,060 $1,210
52738 $0 $660 $860 $1,060 $1,210
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
52201 $522 $594 $774 $954 $1,089
52738 $522 $594 $774 $954 $1,089
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
52201 $638 $726 $946 $1,166 $1,331
52738 $638 $726 $946 $1,166 $1,331

Fair Market Rents on this page apply to the following cities in Louisa County, Iowa: Muscatine, Columbus Junction, Wapello, Letts, Ainsworth, Conesville, Grandview, and Columbus City.

These Fair Market Rents also apply to the following ZIP codes in Louisa County, Iowa: 52761, 52738, 52653, 52754, 52201, 52739, 52752, and 52737.

More on Louisa County, IA

Want to learn more about Louisa County, IA? See Loan Limits in Louisa County, IA to view maximum loan amounts or click here to find a Public Housing Authority near Louisa County, IA who can help with finding affordable housing near you.

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Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.


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