Location: Monroe County, IA | Metro: Lucas County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 50057 provides insight into potential investment returns for landlords and small-portfolio investors. The Fair Market Rent (FMR) for a two-bedroom apartment in the area for fiscal year 2026 is set at $960 annually. However, without specific data on the market rent or the median home value, we can only provide a partial analysis.
To calculate the implied gross yield, we first need to annualize the FMR. Given that the FMR is $960 per month, the annual FMR would be $11,520. Without the market rent, we cannot compare it directly to the FMR to determine the gross yield. However, if we assume that the market rent is higher than the FMR, which is typical, the gross yield based on the FMR would be lower than what could be achieved with market rents.
The renter density in ZIP 50057 is 12.4%, indicating that a significant portion of the population is likely to be interested in Section 8 housing. This figure suggests that there is a reasonable demand for rental properties that accept Section 8 vouchers. However, the lack of data on the median home value and the days-on-market (DOM) makes it difficult to provide a comprehensive analysis of the gross yield and the overall attractiveness of the investment.
In conclusion, while the FMR for a two-bedroom apartment in ZIP 50057 is $960 monthly, leading to an annual FMR of $11,520, the absence of market rent and median home value data limits our ability to provide a precise gross-yield comparison. The 12.4% renter density supports the idea that there is a viable market for Section 8 properties, but investors should seek additional local market data to refine their analysis.
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.