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RentData.org Logo Boone County Fair Market Rent FY 2020 Boone County, IA Rental Data

Fair Market Rent Prices in Boone County, IA :
$538 $607 $744 $997 $1,121
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 Boone County are average compared to the national average. This FMR area is more expensive than 58% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Boone County is $744 per month.

The previous year, rent for a two-bedroom home was $718 per month. This is a 3.62% increase year-over-year.

This FMR rate applies to Beaver, IA, Pilot Mound, IA, Bouton, IA, Boxholm, IA, Dana, IA, Luther, IA, Rippey, IA, Paton, IA, Kelley, IA, Grand Junction, IA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY19015N19015.

Additionally, This Fair Market Rent (FMR) area Boone County, IA spans one county or city in Iowa which is listed in the table below. Estimated population of Boone County, IA FMR area is 26,380 people based on latest Census data.

Compared to the rest of Iowa, the Boone County FMR area is more expensive than 85% 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 Boone County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Boone 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 $ 574
1-BR 1-Bedroom $ 647
2-BR 2-Bedroom $ 793
3-BR 3-Bedroom $ 1062
4-BR 4-Bedroom $ 1195
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

There is just one county (listed below) within the Boone 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
Boone County, IA 26,380
Zip Codes in Boone County, IA

There are 20 unique zip codes in this Fair Market Rent (FMR) area:

50014, 50031, 50036, 50039, 50040, 50064, 50107, 50134, 50152, 50156, 50212, 50217, 50220, 50223, 50235, 50244, 50248, 50249, 50276 and 50530

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What's Next?

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