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RentData.org Logo Hancock County Fair Market Rent FY 2024 Hancock County, IA Rental Data

Fair Market Rent Prices in Hancock County, IA :
$630 $700 $862 $1,183 $1,463
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 Hancock County are low compared to the national average. This FMR area is less expensive than 59% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Hancock County is $862 per month.

The previous year, rent for a two-bedroom home was $795 per month. This is a 8.43% increase year-over-year.

This FMR rate applies to Corwith, IA, Crystal Lake, IA, Goodell, IA, Woden, IA, Wesley, IA, Goldfield, IA, Kanawha, IA, Britt, IA, Belmond, IA, Garner, IA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY19081N19081.

Additionally, This Fair Market Rent (FMR) area Hancock County, IA spans one county or city in Iowa which is listed in the table below. Estimated population of Hancock County, IA FMR area is 10,709 people based on latest Census data.

Compared to the rest of Iowa, the Hancock County FMR area is more expensive than 81% 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 Hancock County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Hancock 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 $ 630
1-BR 1-Bedroom $ 700
2-BR 2-Bedroom $ 862
3-BR 3-Bedroom $ 1183
4-BR 4-Bedroom $ 1463
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

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

County / Region Est. Population
Hancock County, IA 10,709
Zip Codes in Hancock County, IA

There are 11 unique zip codes in this Fair Market Rent (FMR) area:

50421, 50423, 50430, 50432, 50436, 50438, 50439, 50447, 50483, 50484 and 50542

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What's Next?

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