Section 8 Fair Market Rent (FMR) for ZIP 50531 - 2027

Location: Emmet County, IA | Metro: Emmet County, IA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$700
1 Bedroom	$790
2 Bedrooms	$940
3 Bedrooms	$1,250
4 Bedrooms	$1,260
5 Bedrooms	$1,462
6 Bedrooms	$1,637
7 Bedrooms	$1,768
8 Bedrooms	$1,856

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

325

Median Household Income

$93,036

Housing Units

173

Renter Percentage

0.7%

Occupancy Rate

83.8%

Renter Occupied

The ZIP code 50531, located in Iowa, presents a unique opportunity for real estate investors interested in the Section 8 housing market. This area is characterized by its modest size and specific demographics that influence rental demand and property values.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, which indicates the maximum amount a Section 8 tenant can be expected to pay for rent.
The median home value in ZIP 50531 stands at $157,227, making it accessible for both first-time buyers and investors looking to enter the market with lower capital requirements.
Renters only make up 0.7% of the population in this ZIP code, suggesting a smaller pool of potential Section 8 tenants relative to homeowners.
The median household income is $93,036, which is above the national average and implies a relatively stable economic environment for residents.
The lack of available data on market rent and days on market (DOM) highlights the need for local research to understand the nuances of the rental market in this area.

In summary, ZIP 50531 offers a niche investment opportunity with a low competition rate among renters and moderate property values. The higher-than-average median income suggests financial stability among residents, but the limited presence of renters means that Section 8 properties might not be in high demand. Investors should focus on acquiring properties below the median home value and ensure they meet the FMR criteria to maximize their chances of success in this specific market segment.

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.