Ames, IA HUD Metro FMR Area · FY2026 area median income $122,400 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $428 | $642 | $857 | $1,071 | $1,285 | $1,499 | $1,714 |
| 1BR | $459 | $688 | $918 | $1,148 | $1,377 | $1,607 | $1,837 |
| 2BR | $551 | $826 | $1,102 | $1,377 | $1,653 | $1,928 | $2,204 |
| 3BR | $636 | $954 | $1,273 | $1,591 | $1,909 | $2,227 | $2,546 |
| 4BR | $710 | $1,065 | $1,420 | $1,775 | $2,130 | $2,485 | $2,840 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $25,710 | $42,850 | $51,420 | $68,560 |
| 2 persons | $29,400 | $49,000 | $58,800 | $78,400 |
| 3 persons | $33,060 | $55,100 | $66,120 | $88,160 |
| 4 persons | $36,720 | $61,200 | $73,440 | $97,920 |
| 5 persons | $39,660 | $66,100 | $79,320 | $105,760 |
| 6 persons | $42,600 | $71,000 | $85,200 | $113,600 |
| 7 persons | $45,540 | $75,900 | $91,080 | $121,440 |
| 8 persons | $48,480 | $80,800 | $96,960 | $129,280 |
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 Story County to see the sources and uses, bond test, DSCR, and funding gap using these rents.