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RentData.org Logo Waterloo-Cedar Falls Fair Market Rent FY 2017 Waterloo-Cedar Falls, IA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Waterloo-Cedar Falls, IA :
$496 $597 $755 $986 $1,222
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 72% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Waterloo-Cedar Falls is $755 per month.

The previous year, rent for a two-bedroom home was $729 per month. This is a 3.57% increase 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 131,090 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.

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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 $ 524
1-BR 1-Bedroom $ 630
2-BR 2-Bedroom $ 797
3-BR 3-Bedroom $ 1041
4-BR 4-Bedroom $ 1290
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 Waterloo-Cedar Falls, IA HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Cedar Rapids - Wtrlo - Iwc&Dub.

County / Region Est. Population
Waterloo-Cedar Falls, IA Metro 131,090
Zip Codes in Waterloo-Cedar Falls, IA HUD Metro FMR Area

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

50612, 50613, 50614, 50622, 50623, 50626, 50629, 50634, 50643, 50647, 50648, 50667, 50668, 50669, 50675, 50701, 50702, 50703, 50704 and 50707

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What's Next?

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