Section 8 Fair Market Rent (FMR) for ZIP 50452 - 2027

Location: Franklin County, IA | Metro: Franklin County, IA

Investment Score for ZIP 50452

Monthly Rent (2BR)

$1,120

Median Price (2BR)

$112,592

1% Rule

0.99%

Annual Yield

11.94%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$830
1 Bedroom	$860
2 Bedrooms	$1,120
3 Bedrooms	$1,380
4 Bedrooms	$1,870
5 Bedrooms	$2,169
6 Bedrooms	$2,429
7 Bedrooms	$2,623
8 Bedrooms	$2,754

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,120	$112,592	0.99%	C
3BR	$1,380	$146,858	0.94%	C
4BR	$1,870	$196,708	0.95%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

946

Median Household Income

$66,250

Housing Units

403

Renter Percentage

41.0%

Occupancy Rate

88.3%

Renter Occupied

146

The Latimer, Iowa area, specifically ZIP code 50452, presents a stable market for real estate investment, particularly for those interested in Section 8 housing opportunities. The community offers a blend of rural charm and accessibility to urban amenities, making it an attractive location for both tenants and investors.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,100, providing a benchmark for rental pricing that aligns well with the local market conditions.
The average market rent, as reported by the Census American Community Survey (ACS), stands at $1,000, indicating a slight premium for Section 8 properties due to the FMR adjustment.
The median home value in the ZIP code is $150,367, reflecting a modest but affordable housing market that is accessible to a broad range of buyers.
Renters make up 41.0% of the population, suggesting a significant demand for rental properties and a robust tenant pool.
The median household income is $66,250, which supports the viability of rental prices and indicates a stable economic base for the area.

Synthesizing these points, investors can expect a solid return on investment in Latimer, Iowa. The close alignment between the market rent and the FMR suggests that Section 8 properties can be priced competitively while still offering a good yield. With nearly half of the residents being renters, there is a strong potential for occupancy rates, especially given the modest home values and stable median incomes that support the local economy. This combination makes Latimer an appealing choice for landlords and small-portfolio investors looking to enter a steady and growing rental market.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.