Section 8 Fair Market Rent (FMR) for ZIP 50074 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The market analysis for Section 8 investors targeting ZIP code 50074 within the Union County, IA metro area reveals several key points. The HUD Fair Market Rent (FMR) for the region is set at $970 for fiscal year 2026. Given that the market rent data is currently unavailable, we must rely on the HUD FMR to assess the viability of voucher tenants.

Voucher tenants in ZIP 50074 will generally cashflow at the FMR rate, though the exact margin depends on individual property expenses and conditions. The median home value in this ZIP code is $274,364, which allows us to calculate a rent-to-price ratio. Assuming an average annual rent of $11,640 based on the FMR, the rent-to-price ratio is approximately 4.2%, indicating that rental income is relatively low compared to the value of homes in the area.

The lack of day median Days on Market (DOM) and percentage of price-cut share data suggests that the current market is stable, with little need for significant price adjustments to sell properties. This stability is beneficial for investors seeking long-term holdings.

The strongest investor angle in ZIP 50074 is likely to be stability. With a solid rent-to-price ratio and a stable housing market, investors can expect consistent performance without the volatility often seen in more dynamic markets. This makes it an attractive option for those looking to secure steady returns through rental income.

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.