Location: Greene County, IA | Metro: Calhoun County, IA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,270 | $180,905 | 0.7% | D |
U.S. Census Bureau data (2024)
ZIP code 50050, located within the Greene County, IA metro, exhibits distinct characteristics that set it apart from other areas in the county. Its Fair Market Rent (FMR) for fiscal year 2026 stands at $940, which is notably higher than the average market rent of $688. This suggests that 50050 is positioned as a slightly above-average rental market within the Greene County metro.
The median home value in 50050 is $182,913. This figure is lower than the typical home value in the Greene County metro, indicating that 50050 offers relatively affordable housing options compared to other parts of the county. The 12.2% share of renters in 50050 also diverges from the norm, being higher than the average renter share in Greene County ZIP codes. A higher renter share combined with below-average home values can be indicative of a neighborhood where rental properties are more common, and thus potentially more attractive for landlords and small-portfolio investors looking to capitalize on the demand for rentals.
In summary, ZIP code 50050 appears to be a value pocket within the Greene County, IA metro. It offers a slightly elevated rental market with a strong presence of renters, while maintaining relatively lower property values. This combination makes it an appealing area for those interested in Section 8 investments, as it aligns well with the criteria of having a significant renter population and affordable housing costs.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.