Lower-FMR payment standards - Waterloo-Cedar Falls, IA HUD Metro FMR Area
HUD FY2026 2-BR Fair Market Rent for Waterloo-Cedar Falls, IA HUD Metro FMR Area is $1,051/month - 14th percentile of 396 published metro FMR areas (#55 cheapest→expensive) ; voucher vs ACS median: 9.6% above market ; FMR rows touch Black Hawk County, Grundy County .
Geography note: HUD divides this CBSA into 2 separate Fair Market Rent areas, each with its own rent schedule. The amounts above are for Waterloo-Cedar Falls, IA HUD Metro FMR Area only, not the whole metro.
Low-FMR rung around Waterloo-Cedar Falls, IA HUD Metro FMR Area
Among the lower published 2-BR amounts nationally. Closest: Geary County, KS HUD Metro FMR Area ($1,048), Brownsville-Harlingen, TX MSA ($1,047), Hattiesburg, MS MSA ($1,047) .
Top-quartile contrast metros: Ansonia town, CT Exception Area, Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, Vineland, NJ MSA, Vallejo, CA MSA, Fitchburg-Leominster, MA HUD Metro FMR Area, Urban Honolulu, HI MSA - use only for national scale, not local negotiation.
IA-state FMR neighbors for Waterloo-Cedar Falls, IA HUD Metro FMR Area
Closest 2-BR amounts inside IA: Boone County, IA HUD Metro FMR Area ($1,026); Dubuque, IA MSA ($1,077); Iowa City, IA HUD Metro FMR Area ($1,141); Davenport-Moline-Rock Island, IA-IL MSA ($1,143); Benton County, IA HUD Metro FMR Area ($956); Sioux City, IA-NE-SD MSA ($1,154); Des Moines-West Des Moines, IA HUD Metro FMR Area ($1,318) . Alphabetical “nearby” lists are intentionally not used here - amount proximity is the comparison that matters for payment standards.
What are the HUD FY2026 bedroom FMRs for Waterloo-Cedar Falls, IA HUD Metro FMR Area?
| Size | HUD FMR |
|---|---|
| Studio | $725/mo |
| 1-BR | $801/mo |
| 2-BR | $1,051/mo |
| 3-BR | $1,357/mo |
| 4-BR | $1,763/mo |
Section 8 payment standard range for Waterloo-Cedar Falls, IA HUD Metro FMR Area
HUD lets each Public Housing Authority set its payment standard between 90% and 110% of the published Fair Market Rent for the bedroom size served. These dollar amounts are derived from HUD FY2026 FMR for Waterloo-Cedar Falls, IA HUD Metro FMR Area; your PHA may choose a figure inside this band. This is not a quote for a specific unit, availability, or waitlist status.
| Size | HUD FMR | 90% floor | 110% ceiling |
|---|---|---|---|
| Studio | $725/mo | $653/mo | $798/mo |
| 1-BR | $801/mo | $721/mo | $881/mo |
| 2-BR | $1,051/mo | $946/mo | $1,156/mo |
| 3-BR | $1,357/mo | $1,221/mo | $1,493/mo |
| 4-BR | $1,763/mo | $1,587/mo | $1,939/mo |
For a 2-bedroom in Waterloo-Cedar Falls, IA HUD Metro FMR Area, the HUD reference rent is $1,051/month, so the lawful payment-standard band runs $946–$1,156/month before any tenant income share.
HUD FMR filing-year trail · Waterloo-Cedar Falls, IA HUD Metro FMR Area
Published two-bedroom Fair Market Rent for this HUD area across FY2022-2026. Year-over-year deltas compare adjacent fiscal years only. This is a historical HUD reference-rent series, not a PHA payment standard, unit quote, availability, eligibility, or waitlist result.
- Latest 2-BR
- $1,051
- FY2026
- vs prior FY
- +5.4%
- from FY2025 $997
- Span change
- +18.2%
- FY2022-2026
- Years shown
- 5
- HUD FMR history
| FY | 2-BR FMR | YoY |
|---|---|---|
| 2022 | $889/mo | - |
| 2023 | $934/mo | +5.1% |
| 2024 | $944/mo | +1.1% |
| 2025 | $997/mo | +5.6% |
| 2026 | $1,051/mo | +5.4% |
Source: HUD USER Fair Market Rents historical series for Waterloo-Cedar Falls, IA HUD Metro FMR Area, FY2022-2026. Adjacent-year deltas only.
ACS median 2-BR rent $959/mo → 9.6% above market (covers market). Detail: gap analysis for Waterloo-Cedar Falls, IA HUD Metro FMR Area.
IA agencies near this metro's scale key
Housing authorities in IA whose HCV caseload sits closest to a CBSA-stable scale target (not the statewide giants list - that list was identical across siblings):
- Iowa City Housing Authority
- Cedar Rapids Housing Services
- City of Sioux City Housing Authority
- Des Moines Municipal Housing Agency
- Southern Iowa Regional Housing Authority
- City of Dubuque
- Waterloo Housing Authority
- Northwest Iowa Regional Housing Authority
- Eastern Iowa Regional Housing Authority
- Fort Dodge Municipal Housing Agency
Full near-amount ladder
- Geary County, KS HUD Metro FMR Area · $1,048
- Brownsville-Harlingen, TX MSA · $1,047
- Hattiesburg, MS MSA · $1,047
- Elizabethtown, KY HUD Metro FMR Area · $1,056
- Topeka, KS MSA · $1,057
- Kingsport-Bristol, TN-VA MSA · $1,044
- Muncie, IN MSA · $1,043
- Callaway County, MO HUD Metro FMR Area · $1,042
- Las Cruces, NM MSA · $1,042
- McAllen-Edinburg-Mission, TX MSA · $1,060
- Jonesboro, AR HUD Metro FMR Area · $1,040
- Decatur, IL MSA · $1,063
What to do with this FMR desk
Waterloo-Cedar Falls, IA HUD FY2026 2-BR FMR is $1,051/mo; use the schedule as a source desk, not a lease quote.
- Read the FY2022-2026 filing trail (+18.2% across the span) before comparing peers. FMR history on this page
- Open the voucher-vs-market gap board for this CBSA (9.6% above market). Metro gap page
- Confirm how PHAs may set payment standards at 90-110% of FMR, and why the two figures are not interchangeable. FMR vs payment standard
FMR is HUD's published Fair Market Rent for this FMR area. It is not a PHA payment standard, unit quote, eligibility result, or waitlist status. Confirm any leasing figure with the PHA that serves the unit.
Source: HUD USER Fair Market Rent (FY2026) ; Census ACS median gross rent. Confirm the live PHA figure before leasing. Methodology.
Verify with HUD → · Verify with U.S. Census Bureau → · Set a September HUD update reminder