Section 8 in Waterloo, IA: FMR & Landlord Guide
Waterloo-Cedar Falls, IA metro area (CBSA 47940). FY2026 Fair Market Rents, active voucher counts, housing authorities and wait-list status, and source-of-income law. Every figure below links back to its source.
Fair Market Rent by bedroom count
HUD-published metro FMR for FY2026. Payment standards (what a PHA actually pays) are set between 90% and 110% of FMR at PHA discretion.
| Bedrooms | FMR | Payment standard (90–110%) |
|---|---|---|
| Efficiency (studio) | $674 | $607 – $741 |
| 1-bedroom | $745 | $671 – $820 |
| 2-bedroom | $978 | $880 – $1,076 |
| 3-bedroom | $1,290 | $1,161 – $1,419 |
| 4-bedroom | $1,295 | $1,166 – $1,425 |
Example: at 100% of FMR, a 2-bedroom voucher in Waterloo, IA covers up to $978 in gross rent (before the tenant’s utility allowance). Between the low and high end of the range: $880–$1,076.
Voucher demand in this metro
Aggregated from HUD Public Housing Authority data (FY2026). High utilization means voucher holders are placed and reliably paying rent, a stable but competitive tenant pool for accepting landlords.
Housing authorities serving Waterloo, IA
5 PHAs administer vouchers in this metro. Contact the PHA that covers the specific address you’re considering.
- Status unknown
Waterloo Housing Authority
Waterloo, IA · IA050 · 1,091 HCV units
- Status unknown
Cedar Falls Housing Commission
Cedar Falls, IA · IA113 · 406 HCV units
- Status unknown
Iowa Northland Regional Housing Authority
Waverly, IA · IA132 · 317 HCV units
- Status unknown
Evansdale Municipal Housing Authority
Evansdale, IA · IA038 · 163 HCV units
- Status unknown
Low Rent Housing Agency Of Waverly
Waverly, IA · IA013 · 0 HCV units
Source-of-income law in IA
Source-of-income protection status for IA is not yet in our database. Check with a local attorney or the state civil-rights office before refusing a voucher applicant.
Informational only, not legal advice. Laws change; verify current status before making a leasing decision.
Analyze a specific Waterloo, IA property
Look up the address’s SAFMR (ZIP-level rent), plug the numbers into the voucher-vs-market analyzer, and check the HQS pre-inspection list before scheduling.