Section 8 Fair Market Rent (FMR) for ZIP 50271 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$690
1 Bedroom	$730
2 Bedrooms	$930
3 Bedrooms	$1,100
4 Bedrooms	$1,220
5 Bedrooms	$1,415
6 Bedrooms	$1,585
7 Bedrooms	$1,712
8 Bedrooms	$1,798

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 50271 in Wright County, Iowa, can be considered a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920, while the current market rent stands at $704. This creates a positive spread of $216 per month, which can significantly enhance the cash flow for landlords participating in the Section 8 program.

The median home value in ZIP 50271 is $149,927, indicating that it is relatively affordable compared to other areas. This makes it an attractive option for first-time homeowners and renters alike, increasing the likelihood of finding tenants who qualify for Section 8 housing assistance. The lower median home value also means that the acquisition cost for rental properties is more manageable, allowing for a higher return on investment when considering the monthly rent subsidy.

While there is no specific data on price-cut shares or days on market (DOM), the significant gap between the FMR and market rent suggests that landlords can maintain competitive pricing without compromising on the quality of their properties. This stability is crucial for ensuring consistent occupancy rates, which are essential for maximizing cash flow.

The renter share in ZIP 50271 is 18.7%, and the median income is $82,656. These figures indicate that there is a reasonable demand for rental properties, but they do not suggest a high potential for rapid appreciation. Instead, they point towards a steady and reliable market where landlords can focus on generating regular income rather than speculative gains.

In conclusion, ZIP 50271 serves best as a cash-flow anchor within a Section 8 portfolio strategy. The positive spread between the FMR and market rent, combined with the affordable median home value, provides a solid foundation for achieving financial stability and predictable returns. Landlords should leverage this opportunity to secure long-term tenants and benefit from the guaranteed rent payments associated with the Section 8 program.

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.