Location: Kossuth County, IA | Metro: Kossuth County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,220 |
| 5 Bedrooms | $1,415 |
| 6 Bedrooms | $1,585 |
| 7 Bedrooms | $1,712 |
| 8 Bedrooms | $1,798 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 50517 in the metro area for fiscal year 2026 is set at $920. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, you will receive this amount per month from the government to cover your tenant's portion of the rent. However, it is important to note that this does not mean the tenant will pay $920; rather, they typically pay around 30% of their income toward rent, while the voucher covers the difference up to the $920 limit.
To put this into perspective, the average rent in ZIP 50517, based on recent Census American Community Survey (ACS) data, is approximately $536. This suggests that participating in the Section 8 program could allow you to charge a higher rent compared to the market average, potentially increasing your revenue.
The 23.0% share of renters in this area indicates a moderate level of demand for rental properties. While not exceptionally high, it does suggest that there are enough potential tenants who might benefit from Section 8 vouchers to fill a property. However, the actual number of eligible tenants using Section 8 vouchers can vary widely depending on the availability of vouchers in the local housing authority.
When considering the acquisition cost of a property in ZIP 50517, the median home value is around $160,781. This figure provides a baseline for what you might expect to pay for a property suitable for Section 8 tenants. Keep in mind that the condition of the property and necessary upgrades to meet Section 8 standards could affect this initial investment.
Before committing to a Section 8 rental property, you must verify that the property meets all the necessary requirements set forth by the Department of Housing and Urban Development (HUD). These include safety and habitability standards, which ensure that the living conditions are adequate for tenants. Failure to comply with these standards can result in penalties or loss of participation in the program.
In summary, the FMR of $920 for ZIP 50517 offers a stable income stream through the Section 8 program, with an average market rent of $536. The 23.0% renter share suggests a reasonable demand for rental units, and the median home value of $160,781 gives you a starting point for acquisition costs. Ensure that your property meets HUD standards to avoid any legal issues.
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.