Location: Winnebago County, IA | Metro: Winnebago County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The rent math in ZIP 50465 does not favor investment. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070. However, the current market rent, according to the Census ACS, is significantly lower at $650. This discrepancy suggests that landlords would need to either accept lower rents or invest in property improvements to justify higher rental rates, which may not be immediately profitable.
Acquisition in this ZIP code is challenging due to limited data. The median home value is listed as N/A, indicating a lack of recent sales data. Similarly, the days on market (DOM) and the percentage of homes requiring price cuts are also marked as N/A. Without these metrics, it's difficult to assess the affordability of acquiring properties in this area, but the absence of recent transactions could imply low turnover or a less active real estate market.
Tenant demand is minimal in ZIP 50465. With a total population of 190, only 6.2% are renters. This small pool of potential tenants makes it unlikely that there will be sufficient demand to sustain a rental business without significant competition or a compelling niche market strategy.
In summary, ZIP 50465 presents unfavorable conditions for a Section 8-focused real estate investment. The disparity between the FMR and the actual market rent indicates poor financial returns. Limited data on acquisitions suggest a stagnant real estate market, and the low tenant demand further diminishes the appeal. Landlords and small-portfolio investors should consider other ZIP codes with stronger fundamentals for their investments.
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.