Location: Audubon County, IA | Metro: Audubon County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The classification of ZIP code 50117 hinges on its financial metrics, particularly the Federal Market Rent (FMR) and the median household income. With an FMR of $920 for the fiscal year 2026 in the metro area compared to a market value of $875, it suggests a slightly higher rental yield potential when properties are rented through Section 8 programs. The absence of a typical home value figure indicates that traditional housing markets may be less active here, making Section 8 a significant avenue for rental income.
Regarding stability, the ZIP code has a 33.3% rate of renters, which is relatively low but not negligible. The lack of a specific number of days on the market (DOM) implies that there might be limited data on property turnover, which could indicate a stable market where homes don't linger unsold or unrented for long periods. However, the median household income of $104,167 provides a strong indicator of economic stability. This income level supports the idea that residents can reliably afford their rent, contributing to a lower risk of default and providing steady cash flow for landlords.
Given these figures, ZIP 50117 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The higher rental yields through Section 8 combined with the robust median household income suggest a balance between profitability and security. Landlords can expect consistent returns without the volatility associated with flipping properties in areas with less economic certainty.
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.