Section 8 Fair Market Rent (FMR) for ZIP 50527 - 2027

Location: Palo Alto County, IA | Metro: Palo Alto County, IA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$840
1 Bedroom	$870
2 Bedrooms	$1,140
3 Bedrooms	$1,520
4 Bedrooms	$1,530
5 Bedrooms	$1,775
6 Bedrooms	$1,988
7 Bedrooms	$2,147
8 Bedrooms	$2,254

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

106

Median Household Income

$N/A

Housing Units

104

Renter Percentage

5.6%

Occupancy Rate

51.9%

Renter Occupied

The ZIP code 50527, located in central Iowa, is a rural area that offers unique opportunities for real estate investment, particularly in the context of Section 8 housing. The region is characterized by its agricultural landscape and smaller community size, which influences both the demand for rental properties and the availability of housing options.

Fair Market Rent (FMR): For fiscal year 2026, the FMR in the metro area is set at $1,130 for a two-bedroom unit. This figure represents the maximum amount that can be charged for Section 8 housing, providing a clear benchmark for rental pricing.
Rental Market Data: Market rent data is currently unavailable for ZIP 50527, indicating a lack of comprehensive tracking in this rural area. However, given the FMR, it's reasonable to assume that market rents are likely lower, making it a cost-effective area for potential investors.
Renter Share: Only 5.6% of residents in ZIP 50527 are renters, suggesting a relatively low demand for rental properties compared to urban areas. This could indicate a niche market where supply meets demand efficiently.
Days on Market (DOM): The average days on market for rental listings is not available, but considering the low renter share, it's plausible that rental units move quickly once listed, minimizing vacancy periods for landlords.
Median Income: The median income for the area is not available, but it's important for investors to note that the FMR is tied to local economic conditions, implying that rental rates must remain affordable for a significant portion of the population.

Investors looking to enter the ZIP 50527 market should focus on the stability provided by the Section 8 program, which guarantees a steady stream of income at a fixed rate. Despite the limited data on market rents and median incomes, the low percentage of renters and quick turnover of rental units suggest that there is a strong local need for affordable housing. Landlords and small-portfolio investors can leverage this knowledge to target their investments towards properties that align with the FMR guidelines, ensuring compliance and financial viability within the rural rental market.

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.