Clay County, IA · FY2026 area median income $94,700 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $331 | $497 | $663 | $828 | $994 | $1,160 | $1,326 |
| 1BR | $355 | $532 | $710 | $888 | $1,065 | $1,243 | $1,421 |
| 2BR | $426 | $639 | $853 | $1,066 | $1,279 | $1,492 | $1,706 |
| 3BR | $492 | $738 | $985 | $1,231 | $1,477 | $1,723 | $1,970 |
| 4BR | $549 | $824 | $1,099 | $1,373 | $1,648 | $1,923 | $2,198 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $19,890 | $33,150 | $39,780 | $53,040 |
| 2 persons | $22,740 | $37,900 | $45,480 | $60,640 |
| 3 persons | $25,590 | $42,650 | $51,180 | $68,240 |
| 4 persons | $28,410 | $47,350 | $56,820 | $75,760 |
| 5 persons | $30,690 | $51,150 | $61,380 | $81,840 |
| 6 persons | $32,970 | $54,950 | $65,940 | $87,920 |
| 7 persons | $35,250 | $58,750 | $70,500 | $94,000 |
| 8 persons | $37,530 | $62,550 | $75,060 | $100,080 |
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 Clay County to see the sources and uses, bond test, DSCR, and funding gap using these rents.