Logo Franklin County Fair Market Rent FY 2020 Franklin County, IA Rental Data

Fair Market Rent Prices in Franklin County, IA :
$497 $522 $687 $927 $931
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Franklin County are very low compared to the national average. This FMR area is less expensive than 84% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Franklin County is $687 per month.

The previous year, rent for a two-bedroom home was $664 per month. This is a 3.46% increase year-over-year.

This FMR rate applies to Bradford, IA, Alexander, IA, Chapin, IA, Coulter, IA, Geneva, IA, Latimer, IA, Dows, IA, Alden, IA, Hampton, IA, Iowa Falls, IA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY19069N19069.

Additionally, This Fair Market Rent (FMR) area Franklin County, IA spans one county or city in Iowa which is listed in the table below. Estimated population of Franklin County, IA FMR area is 10,325 people based on latest Census data.

Compared to the rest of Iowa, the Franklin County FMR area is less expensive than 84% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Franklin County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Franklin County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 498
1-BR 1-Bedroom $ 523
2-BR 2-Bedroom $ 689
3-BR 3-Bedroom $ 930
4-BR 4-Bedroom $ 933
Change Year:

There is just one county (listed below) within the Franklin County, IA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Des Moines - Ames.

County / Region Est. Population
Franklin County, IA 10,325
Zip Codes in Franklin County, IA

There are 10 unique zip codes in this Fair Market Rent (FMR) area:

50006, 50041, 50071, 50126, 50420, 50427, 50431, 50441, 50452 and 50633

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