Lucas County, IA: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$9512-bedroom FMR, FY2027

$7271-bedroom FMR, FY2027

$75,30080% income limit, family of 4 (FY2026)

$82,900Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Lucas County is $951 a month, down 2.5% from $975 in FY2026. Lucas County belongs to the Lucas County, IA FMR area (non-metro county), so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Lucas County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$706	$724	−2.5%	$636 – $776
1 bedroom	$727	$743	−2.2%	$655 – $799
2 bedrooms	$951	$975	−2.5%	$856 – $1,046
3 bedrooms	$1,279	$1,250	+2.3%	$1,152 – $1,406
4 bedrooms	$1,284	$1,302	−1.4%	$1,156 – $1,412

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Lucas County that is typically $856 to $1,046 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$31,425median income of renter households

$709Median gross rent, all units

27%Rent-to-income ratio (median rent ÷ median renter income)

19%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $31,425 can afford about $786 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $951 is $165 (21.1%) more than that. To rent a two-bedroom at the FMR, a household needs $38,040 a year under the 30% rule, or $34,236 under the common landlord rule that income must be three times the rent.

Lucas County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$709 ±$130
Median income of renter households	$31,425 ±$8,086
Renters paying 30% or more of income (cost-burdened)	18.8% ±8.7
Renters paying 50% or more (severely cost-burdened)	7.3% ±4.7
Renter households (where the share can be computed)	685

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$664	$709	+6.8%
Median renter household income	$30,919	$31,425	+1.6%
Renters paying 30%+ of income	38.9%	18.8%	−20.1 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

HUD income limits for Lucas County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $82,900 (FY2025: $87,700, −5.5%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$19,800 +2.3%	$22,600 +2.3%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$32,950 +2.3%	$37,650 +2.3%	$42,350 +2.3%	$47,050 +2.3%	$50,850 +2.3%	$54,600 +2.2%	$58,350 +2.3%	$62,150 +2.3%
Low income (80%)	$52,750 +2.3%	$60,250 +2.3%	$67,800 +2.3%	$75,300 +2.3%	$81,350 +2.3%	$87,350 +2.3%	$93,400 +2.3%	$99,400 +2.3%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.