Location: Winnebago County, IA | Metro: Winnebago County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The ZIP code 50473 presents a unique market dynamic that can be inferred from the available data snapshot. The Fair Market Rent (FMR) for the area is set at $1,030 for the fiscal year 2026, indicating a level of affordability that could attract renters. However, the absence of current market rent data suggests either limited availability or a lack of recent transactions, which might imply a stagnant rental market.
The 17.0% renter share in ZIP 50473 is noteworthy. This percentage tells us that a significant portion of the population relies on renting rather than owning homes. In the context of long-term housing pressure, a higher renter share often signals ongoing demand for rental properties. Landlords and small-portfolio investors should interpret this as a potential indicator of sustained interest in the rental market, even if the exact supply-demand balance remains unclear without additional data points.
The missing data on price-cut share and days on market (DOM) further complicates the analysis. Typically, a high price-cut share and longer DOM periods suggest a market where supply exceeds demand, leading to prolonged vacancies and reduced rental rates. Conversely, lower values would indicate a tight market with strong demand. Since these metrics are unavailable, we cannot definitively state whether the market is oversupplied or undersupplied. Nonetheless, the combination of a moderate FMR and a notable renter share hints at a market that is likely to remain active, driven by the needs of renters.
To summarize, ZIP 50473 stands as a market in motion, characterized by a defined but potentially unmet rental demand. The $1,030 FMR sets a baseline for what tenants can expect to pay, while the 17.0% renter share underscores the importance of rental properties to the local housing landscape. Investors should closely monitor this market, given the current snapshot's indication of activity and potential growth, though caution is advised due to the incomplete dataset.
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.