Location: Worth County, IA | Metro: Winnebago County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
30.2% of residents in ZIP 50450 are renters, indicating a significant demand for rental properties in the area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920, which provides a benchmark for what landlords can charge under Section 8 guidelines. Meanwhile, the average market rent, according to Census ACS data, stands at $640, suggesting that Section 8 rates are above the local average, making it an attractive option for landlords. With a median home value of $165,457, the area offers affordability for both homeowners and potential rental investments. However, the median income of $76,125 indicates that many residents may find it challenging to afford market rents without assistance. Unfortunately, the data does not provide specifics on days on market (DOM) or the percentage of homes that have had their prices cut, which would be useful for assessing the overall housing market dynamics. Given the favorable comparison between Section 8 rates and market rents, coupled with the high renter share, landlords and small-portfolio investors should consider Section 8 participation as a viable strategy for maintaining occupancy and financial stability.
Section 8 Verdict: ZIP 50450 presents a strong case for Section 8 participation, with higher FMR rates compared to market rents and a substantial portion of the population relying on rentals.
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.