Location: Jasper County, IA | Metro: Jasper County, IA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 50127 is located in Ira, Iowa. As of 2024, the population stands at 10 people, making it the 969th most populated zip code in the state. The racial makeup is entirely White (100%), reflecting a homogeneous community.
Much of the economic data for ZIP 50127 is not available, including the median household income and median home value. However, the Fair Market Rent (FMR) for the area is set at $880 for fiscal year 2024. This figure is critical for landlords and small-portfolio investors considering the Section 8 program, which caps rental amounts at this level.
Given the limited population and the absence of comprehensive economic data, ZIP 50127 appears more suited for hands-off voucher operators rather than active value-add buyers. The low population density and homogeneity suggest a stable, but small market with little room for growth or aggressive investment strategies. For those interested in steady, passive income, the FMR of $880 provides a clear guideline for setting rents.
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.