Section 8 Fair Market Rent (FMR) for ZIP 50152 - 2027

Location: Boone County, IA | Metro: Boone County, IA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$790
1 Bedroom	$800
2 Bedrooms	$990
3 Bedrooms	$1,370
4 Bedrooms	$1,480
5 Bedrooms	$1,717
6 Bedrooms	$1,923
7 Bedrooms	$2,077
8 Bedrooms	$2,181

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

138

Median Household Income

$93,750

Housing Units

Renter Percentage

9.8%

Occupancy Rate

89.5%

Renter Occupied

The ZIP code 50152, located in Iowa, represents a stable housing market with particular relevance for Section 8 real-estate analysts. This area offers insights into the rental dynamics influenced by federal guidelines and local economic conditions.

The Fair Market Rent (FMR) for ZIP 50152 for fiscal year 2024 is set at $900, providing a benchmark for rental pricing that aligns with HUD standards.
Despite the lack of available data on market rents, the FMR can serve as a reliable proxy for understanding the rental price range in this ZIP code.
The median home value data is currently unavailable, which suggests that the focus for investors should be on the rental sector rather than speculative purchases.
Renters constitute 9.8% of the population in ZIP 50152, indicating a modest but steady demand for rental properties.
The median income in the area is $93,750, suggesting a middle-class community where residents are likely to be financially stable enough to meet their rent obligations consistently.
While the days on market (DOM) data is not available, the combination of moderate renter share and median income points towards a balanced rental market without extreme fluctuations.

In summary, ZIP 50152 presents a predictable rental environment, with a fair market rent of $900 guiding landlords and investors on reasonable pricing. The absence of speculative home values and a middle-income demographic support steady cash flows for rental properties. Although the specific market rent and DOM data are missing, the existing data points to a stable investment opportunity with low risk of tenant default.

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.