Low-FMR metro gap - Waterloo-Cedar Falls, IA HUD Metro FMR Area
Displayed gap in Waterloo-Cedar Falls, IA HUD Metro FMR Area: +9.6% (HUD $1,051 vs ACS $959) · counties in FMR rows: Black Hawk County, Grundy County .
FMR gap dispatch plate
CBSA 47940 · Waterloo-Cedar Falls, IA -9.6% shortfall
GAP-COVERS · FMR-BOTTOM · SPREAD-PLUS · PHOTO-FINISH · COUNTY-SPARSE · BOOK-FULL
- GAP-COVERS 9.6% cushion
- FMR-BOTTOM #55/396 · P14
- SPREAD-PLUS +$92
- PHOTO-FINISH Morgantown
- COUNTY-SPARSE 2 counties
- BOOK-FULL HUD+ACS pair
Nearest shortfall peer: Morgantown, WV Metro Area (-0.2pp)
Coverage is positive but not extreme. Bedroom mix and ZIP still dominate, pull the FY2026 bedroom table before comparing peers.
Instrument codes from this metro’s HUD FMR vs ACS shortfall band, national FMR quartile, dollar spread, gap peer, county footprint, and book completeness, not a moving recommendation.
Shortfall neighbourhood around Waterloo-Cedar Falls, IA
Metros nearest this CBSA on voucher-vs-market shortfall (HUD FMR vs ACS 2-BR median). Full ladder: /gap/.
- New Orleans-Meta -9.37
New Orleans-Meta: -9.4% shortfall
-9.37 % shortfall
- Waterloo-Cedar · this metro -9.59
Waterloo-Cedar · this metro: -9.6% shortfall
-9.59 % shortfall
- Morgantown -9.79
Morgantown: -9.8% shortfall
-9.79 % shortfall
- Evansville -9.98
Evansville: -10.0% shortfall
-9.98 % shortfall
- Paducah -9.99
Paducah: -10.0% shortfall
-9.99 % shortfall
How does Waterloo-Cedar Falls, IA compare with nearby FMR areas?
These are the twelve metros closest to Waterloo-Cedar Falls, IA on the displayed voucher-vs-market margin. Their county lists are HUD FMR-area coverage, not a claim that the markets are interchangeable.
- Morgantown, WV Metro Area
-9.8% shortfall · HUD $1,099 vs ACS $1,001 · $+$98/mo
HUD FMR-area counties: Monongalia County, Preston County.
- New Orleans-Metairie, LA Metro Area
-9.4% shortfall · HUD $1,331 vs ACS $1,217 · $+$114/mo
HUD FMR-area counties: Jefferson Parish, Orleans Parish, Plaquemines Parish, St. Bernard Parish, St. Charles Parish, St. John the Baptist Parish.
- Evansville, IN Metro Area
-10.0% shortfall · HUD $1,113 vs ACS $1,012 · $+$101/mo
HUD FMR-area counties: Posey County, Vanderburgh County, Warrick County.
- Paducah, KY-IL Metro Area
-10.0% shortfall · HUD $969 vs ACS $881 · $+$88/mo
HUD FMR-area counties: Massac County.
- Topeka, KS Metro Area
-10.0% shortfall · HUD $1,057 vs ACS $961 · $+$96/mo
HUD FMR-area counties: Jackson County, Jefferson County, Osage County, Shawnee County, Wabaunsee County.
- Hattiesburg, MS Metro Area
-9.1% shortfall · HUD $1,047 vs ACS $960 · $+$87/mo
HUD FMR-area counties: Forrest County, Lamar County, Perry County.
- College Station-Bryan, TX Metro Area
-10.2% shortfall · HUD $1,186 vs ACS $1,076 · $+$110/mo
HUD FMR-area counties: Brazos County, Burleson County, Robertson County.
- La Crosse-Onalaska, WI-MN Metro Area
-8.9% shortfall · HUD $1,166 vs ACS $1,071 · $+$95/mo
HUD FMR-area counties: Houston County, La Crosse County.
- Mobile, AL Metro Area
-8.8% shortfall · HUD $1,083 vs ACS $995 · $+$88/mo
HUD FMR-area counties: Mobile County.
- Slidell-Mandeville-Covington, LA Metro Area
-8.8% shortfall · HUD $1,331 vs ACS $1,223 · $+$108/mo
HUD FMR-area counties: St. Tammany Parish.
- Baton Rouge, LA Metro Area
-10.4% shortfall · HUD $1,204 vs ACS $1,091 · $+$113/mo
HUD FMR-area counties: Ascension Parish, East Baton Rouge Parish, East Feliciana Parish, Livingston Parish, Pointe Coupee Parish, St. Helena Parish.
- Vallejo, CA Metro Area
-8.7% shortfall · HUD $2,178 vs ACS $2,004 · $+$174/mo
HUD FMR-area counties: Solano County.
Source: HUD USER FY2026 Fair Market Rent area records and Census ACS 2019–2023 median gross rent.
IA FMR scale context
These are the closest FY2026 2-BR FMR values in IA; they help place this HUD reference on its state scale, but do not substitute for each metro’s ACS rent comparison.
- Boone County, IA HUD Metro FMR Area $1,026 (−$25)
- Dubuque, IA MSA $1,077 (+$26)
- Iowa City, IA HUD Metro FMR Area $1,141 (+$90)
- Davenport-Moline-Rock Island, IA-IL MSA $1,143 (+$92)
- Benton County, IA HUD Metro FMR Area $956 (−$95)
- Sioux City, IA-NE-SD MSA $1,154 (+$103)
- Des Moines-West Des Moines, IA HUD Metro FMR Area $1,318 (+$267)
High-FMR contrast (scale only)
Ansonia town, CT Exception Area ($1,788 2-BR); Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area ($2,246 2-BR); Vineland, NJ MSA ($1,673 2-BR); Vallejo, CA MSA ($2,178 2-BR) . Opposite-quartile FMR metros for scale, not gap substitutes for Waterloo-Cedar Falls, IA HUD Metro FMR Area.
Waterloo-Cedar Falls, IA HUD Metro FMR Area gap inputs
- HUD 2-BR FMR (FY2026): $1,051/mo
- ACS 2019–2023 2-BR median: $959/mo
- Displayed gap: +9.6%
- National FMR percentile: 14 (#55/396)
displayed % = (HUD 2-BR − ACS 2-BR median) / ACS median × 100
IA HCV agencies (scale-keyed)
Full payment standards for Waterloo-Cedar Falls, IA HUD Metro FMR Area · Payment standards vs FMR
Source: HUD USER Fair Market Rent FY2026, Census ACS median gross rent. Gap is PlainVoucher-derived. Methodology.
Disclaimer. For informational purposes only, not a substitute for PHA counseling or legal advice. Median gross rent reflects rents paid by current tenants; asking rents for available units typically run higher. Actual PHA payment standards can differ from HUD FMR by ±10%. Always confirm the current payment standard with your PHA. PlainVoucher is not affiliated with HUD or any PHA.