Logo Waterloo-Cedar Falls Fair Market Rent FY 2007 Waterloo-Cedar Falls, IA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Waterloo-Cedar Falls, IA :
$385 $473 $566 $694 $851
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Waterloo-Cedar Falls are average compared to the national average. This FMR area is more expensive than 66% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Waterloo-Cedar Falls is $566 per month.

The previous year, rent for a two-bedroom home was $549 per month. This is a 3.1% increase year-over-year.

This FMR rate applies to Liscomb, IA, Beaman, IA, Buckingham, IA, Stout, IA, Morrison, IA, Dewar, IA, Steamboat Rock, IA, Holland, IA, Raymond, IA, Gilbertville, IA and other cities within the region. The Metro Code or CBSA code for this region is METRO47940M47940.

Additionally, This Fair Market Rent (FMR) area Waterloo-Cedar Falls, IA HUD Metro FMR Area spans two counties or cities in Iowa which ares listed in the table below. Estimated population of Waterloo-Cedar Falls, IA HUD Metro FMR Area FMR area is 140,381 people based on 2000 Census data.

Compared to the rest of Iowa, the Waterloo-Cedar Falls FMR area is more expensive than 88% 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 Waterloo-Cedar Falls. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Waterloo-Cedar Falls

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 $ 404
1-BR 1-Bedroom $ 499
2-BR 2-Bedroom $ 598
3-BR 3-Bedroom $ 738
4-BR 4-Bedroom $ 1040
Change Year:

The counties, cities, towns, and regions listed below fall into the Waterloo-Cedar Falls, IA HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Des Moines - Ames and Cedar Rapids - Wtrlo - Iwc&dub.

County / Region Est. Population
Black Hawk County, IA Metro 128,012
Grundy County, IA Metro 12,369
Zip Codes in Waterloo-Cedar Falls, IA HUD Metro FMR Area

There are 31 unique zip codes in this Fair Market Rent (FMR) area:

50148, 50609, 50612, 50613, 50614, 50621, 50622, 50623, 50624, 50626, 50627, 50629, 50634, 50638, 50642, 50643, 50647, 50648, 50657, 50667, 50668, 50669, 50672, 50673, 50675, 50680, 50701, 50702, 50703, 50704 and 50707

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