Cherokee County, IA · FY2026 area median income $104,600 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $366 | $549 | $733 | $916 | $1,099 | $1,282 | $1,466 |
| 1BR | $392 | $588 | $785 | $981 | $1,177 | $1,373 | $1,570 |
| 2BR | $471 | $706 | $942 | $1,177 | $1,413 | $1,648 | $1,884 |
| 3BR | $544 | $816 | $1,088 | $1,360 | $1,632 | $1,904 | $2,176 |
| 4BR | $607 | $910 | $1,214 | $1,517 | $1,821 | $2,124 | $2,428 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $21,990 | $36,650 | $43,980 | $58,640 |
| 2 persons | $25,110 | $41,850 | $50,220 | $66,960 |
| 3 persons | $28,260 | $47,100 | $56,520 | $75,360 |
| 4 persons | $31,380 | $52,300 | $62,760 | $83,680 |
| 5 persons | $33,900 | $56,500 | $67,800 | $90,400 |
| 6 persons | $36,420 | $60,700 | $72,840 | $97,120 |
| 7 persons | $38,940 | $64,900 | $77,880 | $103,840 |
| 8 persons | $41,430 | $69,050 | $82,860 | $110,480 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Cherokee County to see the sources and uses, bond test, DSCR, and funding gap using these rents.