Waterloo-Cedar Falls Fair Market Rent FY 2020 Waterloo-Cedar Falls, IA HUD Metro FMR Area Rental Data

Fair Market Rent prices in Waterloo-Cedar Falls are average compared to the national average. This FMR area is more expensive than 65% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Waterloo-Cedar Falls is $763 per month.

The previous year, rent for a two-bedroom home was $836 per month. This is a 8.73% decrease year-over-year.

This FMR rate applies to Buckingham, IA, Dewar, IA, Raymond, IA, Gilbertville, IA, Readlyn, IA, Dunkerton, IA, Janesville, IA, Fairbank, IA, Traer, IA, Reinbeck, 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 one county or city in Iowa which is listed in the table below. Estimated population of Waterloo-Cedar Falls, IA HUD Metro FMR Area FMR area is 132,960 people based on latest Census data.

Compared to the rest of Iowa, the Waterloo-Cedar Falls FMR area is more expensive than 91% of the state.

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.

50^th Percentile Rental Prices: