Location: Hancock County, IA | Metro: Hancock County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
To classify ZIP code 50432 based on yield and stability, we need to analyze the specific figures provided.
The yield can be assessed by comparing the Fair Market Rent (FMR) with the actual market rent and the home value. For ZIP 50432, the FMR for the fiscal year 2026 is $960, which is slightly higher than the market rent at $911. This suggests that the rental market is performing well, with rents close to the fair market value. However, when compared to the median home value of $94,327, the rental yields appear modest. To calculate a rough yield percentage, we can use the formula: (Annual Rent / Home Value) * 100. Using the FMR as an indicator of potential rent, the annual rent would be approximately $11,520 ($960 x 12 months). Thus, the yield percentage is roughly 12.2% ($11,520 / $94,327).
On the stability axis, we look at the percentage of renters, the number of days on the market (DOM), and the median income. The data shows that 14.2% of residents are renters, which is relatively low. This indicates that the area might not have a strong demand for rentals. The median income of $66,875 provides some context for the affordability of housing, but without knowing the DOM figure, it's challenging to assess the stability fully. Given the limited data, we can infer that the stability is somewhat compromised due to the low percentage of renters.
Based on these figures, ZIP 50432 does not fit neatly into a high-yield/low-stability 'flip-style' market or a steady-cashflow zone. It appears to be a market that offers moderate yield potential but lacks significant stability indicators. The rental yield is decent at around 12.2%, but the low percentage of renters and the lack of data on DOM suggest that the market could be unpredictable and potentially less stable for long-term investments.
To summarize, ZIP 50432 is best classified as a market offering moderate yield with questionable stability. Landlords and small-portfolio investors should carefully consider the local rental dynamics before making investment decisions.
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.