Section 8 Fair Market Rent (FMR) for ZIP 50434 - 2027

Location: Worth County, IA | Metro: Cerro Gordo County, IA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$790
2 Bedrooms	$1,020
3 Bedrooms	$1,400
4 Bedrooms	$1,460
5 Bedrooms	$1,694
6 Bedrooms	$1,897
7 Bedrooms	$2,049
8 Bedrooms	$2,151

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

396

Median Household Income

$N/A

Housing Units

279

Renter Percentage

6.9%

Occupancy Rate

88.9%

Renter Occupied

The area covered by ZIP code 50434, located in Clear Lake, Iowa, presents a unique opportunity for real estate investment. It offers a blend of affordability and stability that can be attractive to both landlords and small-portfolio investors.

Fair Market Rent (FMR): The FMR for ZIP 50434 stands at $1,020 for the fiscal year 2026, indicating a steady demand for rental properties.
Market Rent: According to Census ACS data, the average market rent is $858, which is below the FMR, suggesting potential for price increases.
Median Home Value: The median home value in 50434 is $173,505, making it an affordable option for property purchases compared to many other areas.
Renter Share: Only 6.9% of the population are renters, implying a smaller but potentially more stable tenant base.
Days on Market (DOM): Data for DOM is currently unavailable, but this metric would help assess how quickly properties are sold or rented.
Median Income: Information regarding the median income is also not available, which could provide insight into the financial health of the local population.

In summary, ZIP 50434 offers a balanced market with a strong foundation for real estate investment. The gap between the Fair Market Rent and the current market rent suggests an upward trend in rental prices, while the relatively low median home value indicates good value for money. However, the limited renter population might mean fewer tenants, though those present could offer more stability. To fully evaluate the investment potential, further research on DOM and median income is recommended.

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.