Location: Kossuth County, IA | Metro: Kossuth County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,240 |
| 5 Bedrooms | $1,438 |
| 6 Bedrooms | $1,611 |
| 7 Bedrooms | $1,740 |
| 8 Bedrooms | $1,827 |
U.S. Census Bureau data (2024)
The ZIP code 50451 is situated in a small, tight-knit community with a total population of 432 residents. Only 12.8% of these residents are renters, indicating a primarily owner-occupied area. The median household income here stands at $53,750, which suggests a middle-class neighborhood where most families can afford modest homes. The median home value in this ZIP code is $125,076, reflecting the affordable nature of the housing market.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $920. However, the actual market rent in ZIP 50451, according to Census ACS data, is significantly lower at $436 per month. This discrepancy highlights an opportunity for investors who can navigate the complexities of Section 8 housing.
The low percentage of renters and the relatively low median income indicate that this area might be well-suited for hands-off voucher operators rather than hands-on value-add buyers. With the FMR substantially higher than the current market rent, there's potential for landlords to benefit from the federal subsidy without needing to make significant improvements to properties. For those considering investment in ZIP 50451, it's important to note that while the returns may not be as high as in areas with greater rental demand, the risk is also minimized due to the stability provided by 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.