Location: Lucas County, IA | Metro: Clarke County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The ZIP code 50275 stands out due to its unique mix of economic indicators and housing dynamics. With only 506 residents, it has a relatively low population density. However, the rental rate of 14.0% indicates that a significant portion of the residents are renters, which is important for landlords and small-portfolio investors. The median income of $72,232 suggests a middle-class community, capable of supporting moderate rental prices.
The median home value of $241,330 reflects a stable property market, with homes that are neither excessively overpriced nor undervalued relative to their size and location. For Section 8 landlords, the most critical figure is the Fair Market Rent (FMR), which is set at $1,150 for metro areas during fiscal year 2026. This FMR is the benchmark used to determine the maximum rental assistance payment for tenants using Section 8 vouchers. Given that the market rent data is currently unavailable, landlords should rely on the FMR to ensure they are setting competitive and fair rental rates.
In conclusion, the data signature for ZIP 50275 reads as "stable." The combination of a reasonable median income and a well-balanced median home value suggests that the area will likely maintain its current economic status. Landlords and small-portfolio investors can expect steady demand from tenants using Section 8 vouchers, provided they adhere to the established FMR guidelines. This stability offers a predictable environment for managing rental properties and planning for future investments.
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.