Location: Cass County, IA | Metro: Audubon County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 50042 presents a dynamic rental market that is currently in flux. With a Fair Market Rent (FMR) set at $930 for the fiscal year 2026, there is a clear indication of upward pressure on rental rates. This figure, established by HUD for Section 8 purposes, reflects the government's assessment of what constitutes a reasonable rent level in the area.
In contrast, the current market rent as reported by the Census Bureau's American Community Survey stands at $735. This suggests that while the government has pegged the FMR higher, the actual rents being charged in the market are lower. The discrepancy between the FMR and the market rent could imply that there is still room for rental prices to rise, aligning with the government's benchmark. However, without historical data, it is difficult to definitively state whether supply is outpacing demand or vice versa.
The median home value in ZIP 50042 is $168,575. This relatively low figure indicates that homeownership may be more accessible compared to areas with higher median values. However, the absence of data regarding the percentage of homes sold at a discount and the days on the market (DOM) makes it challenging to assess the exact balance between supply and demand in the rental market.
A key indicator of long-term housing pressure is the 19.1% share of renters. This figure is significant because it suggests a substantial portion of the population is租房者。这表明该地区存在长期的住房压力，因为相当一部分人口是租房者。然而，没有连续数据的情况下，我们无法预测未来趋势。目前的数据描绘了一个租金正在上升的市场，但实际市场租金仍低于政府设定的公平市场租金。这一现象可能意味着需求正在增加，或者供应未能跟上步伐。房东和小型投资组合投资者应密切关注这些动态，以做出明智的投资决策。注意，由于缺乏具体的时间序列数据，以上分析仅基于当前数据点进行推理。
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.