Out of Reach

 
Out of Reach:

Rental Housing At What Cost?

October, 1998
Iowa
(Tables are wide. Scroll to the right.) >>
State and Metro Area Data
 
   
 
      
Income Needed to Afford FMR
% Renters unable to afford FMR
Hourly Wage Needed to Afford
Percent of Federal Minimum Wage (@$5.15)
Work Hours/week Necessary at Minimum Wage
  
   
FAIR MARKET RENTS BY NUMBER OF BEDROOMS
    
Amount
Percent of AMI
% of Renter median
                  
 
1990 RENTER HOUSEHOLDS
Zero 
One 
Two 
Three 
Four 
1998 Area Median Income (HUD) 
1998 Estimated Renter Median Income
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
  
Iowa
151,353 
$ 310.70 
$ 402.61 
$ 504.28 
$ 665.56 
$ 734.66 
$ 50,553.18 
$ 31,545 
$ 16,104 
$ 20,171 
32%
40%
51%
64%
27%
34%
$ 7.74 
$ 9.70 
150%
188%
60
75
 Iowa
METRO AREA                                             METRO AREA
Cedar Rapids, IA
19,361 
$ 268 
$ 378 
$ 486 
$ 677 
$ 726 
$ 53,600 
$ 31,800 
$ 15,120 
$ 19,440 
28%
36%
48%
61%
25%
32%
$ 7.27 
$ 9.35 
141%
181%
56
73
 Cedar Rapids, IA
Davenport-Moline-Rock Island, IA-IL
43,836 
$ 275 
$ 379 
$ 469 
$ 607 
$ 657 
$ 45,400 
$ 26,714 
$ 15,160 
$ 18,760 
33%
41%
57%
70%
31%
37%
$ 7.29 
$ 9.02 
142%
175%
57
70
 Davenport-Moline-Rock Island, IA-IL
Des Moines, IA
50,733 
$ 348 
$ 440 
$ 542 
$ 704 
$ 739 
$ 53,500 
$ 35,430 
$ 17,600 
$ 21,680 
33%
41%
50%
61%
26%
32%
$ 8.46
$ 10.42 
164%
202%
66
81
 Des Moines, IA
Dubuque, IA
8,868 
$ 285 
$ 348 
$ 448 
$ 572 
$ 698 
$ 47,700 
$ 26,800 
$ 13,920 
$ 17,920 
29%
38%
52%
67%
28%
35%
$ 6.69 
$ 8.62 
130%
167%
52
67
 Dubuque, IA
Iowa City, IA
17,074 
$ 337 
$ 434 
$ 558 
$ 775 
$ 915 
$ 54,900 
$ 34,400 
$ 17,360 
$ 22,320 
32%
41%
50%
65%
27%
34%
$ 8.35 
$ 10.73 
162%
208%
65
83
 Iowa City, IA
Omaha, NE-IA
85,038 
$ 291 
$ 399 
$ 503 
$ 660 
$ 740 
$ 52,200 
$ 33,700 
$ 16,000 
$ 20,100 
31%
39%
47%
60%
25%
32%
$ 7.69 
$ 9.66 
149%
188%
60
75
 Omaha, NE-IA
Waterloo-Cedar Falls, IA
15,339 
$ 265 
$ 339 
$ 423 
$ 564 
$ 662 
$ 43,500 
$ 25,300 
$ 13,600 
$ 16,900 
31%
39%
54%
67%
28%
35%
$ 6.54 
$ 8.13 
127%
158%
51
63
 Waterloo-Cedar Falls, IA

County Data
 

         
Income Needed to Afford FMR
Estimated % Renters unable to afford FMR
  
         
Amount
Percent of AMI
Estimated % of Renter median
      
County  Metro Area
Renter
Households,
1990
1998 Area Median Income (HUD)
1998 Estimated Renter Median Income 
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
One
Bedroom
Two
Bedroom
 County 
Black Hawk County  Waterloo-Cedar Fal
15,339 
$ 43,500 
$ 25,300 
$ 13,560 
$ 16,920 
31%
39%
54%
67%
28%
35%
 Black Hawk County 
Dallas County  Des Moines, IA
2,872 
$ 53,500 
$ 32,600 
$ 17,600 
$ 21,680 
33%
41%
54%
67%
28%
35%
 Dallas County 
Dubuque County  Dubuque, IA
8,868 
$ 47,700 
$ 26,800 
$ 13,920 
$ 17,920 
29%
38%
52%
67%
28%
35%
 Dubuque County 
Johnson County  Iowa City, IA
17,074 
$ 54,900 
$ 34,400 
$ 17,360 
$ 22,320 
32%
41%
50%
65%
27%
34%
 Johnson County 
Linn County  Cedar Rapids, IA
19,361 
$ 53,600 
$ 31,800 
$ 15,120 
$ 19,440 
28%
36%
48%
61%
25%
32%
 Linn County 
Polk County  Des Moines, IA
44,930 
$ 53,500 
$ 35,900
$ 17,600 
$ 21,680 
33%
41%
49%
60%
26%
32%
 Polk County 
Pottawattamie County  Omaha, NE-IA
9,036 
$ 52,200 
$ 35,300 
$ 15,960 
$ 20,120 
31%
39%
45%
57%
23%
31%
 Pottawattamie County 
Scott County  Davenport-Moline-R
19,323 
$ 45,400 
$ 26,200 
$ 15,160 
$ 18,760 
33%
41%
58%
72%
31%
38%
 Scott County 
Warren County  Des Moines, IA
2,931 
$ 53,500 
$ 31,000 
$ 17,600 
$ 21,680 
33%
41%
57%
70%
31%
37%
 Warren County 
Woodbury County  Sioux City, IA-NE
11,619 
$ 45,000 
$ 27,800 
$ 16,080 
$ 20,040 
36%
45%
58%
72%
31%
38%
 Woodbury County 

Click here to download a (Microsoft Excel 97) spreadsheet of these tables.
 

NOTES:
  • FMR = Fair Market Rent 
  • AMI = Area Median Income, determined by HUD 
  • HUD = Department of Housing and Urban Development 
  • EST RTR MEDIAN = 1998 Estimated Renter Median Income, based on 1990 renter median income as percent of household median income 
  • Income Needed to Afford = Affordability is based on the official 30%-of-income standard used in federal housing subsidy programs. 
  • % Unable to Afford = percent ofrenter population whomust pay more than 30% of income for rent. 
  • Wage calculations are based on a 40 hour week for 52 weeks per year. 
  • The federal minimum wage is $5.15/hour. 
  • Rows are shaded for navigational purposes only.
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