Location: Webster County, IA | Metro: Greene County, IA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $930 | $121,344 | 0.77% | D |
| 3BR | $1,190 | $176,750 | 0.67% | D |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $920 for the metro area in fiscal year 2026, landlords in ZIP 50543, Gowrie, IA, have a clear benchmark for setting rental rates. The actual market rent, according to Census ACS data, stands at $698, indicating a potential gap where landlords can increase their revenue without exceeding the affordability threshold set by HUD. The median home value in the area is $168,434, reflecting a stable housing market. Given that 16.5% of residents are renters, it's evident that there is a significant demand for rental properties. However, the median income of $91,563 suggests that while the rental market is viable, it is crucial for landlords to ensure that their rents align with the financial capabilities of the local population. The absence of day DOM (days on market) and price-cut share data implies that the rental market in Gowrie operates efficiently, with little need for prolonged vacancy periods or rental reductions. For small-portfolio investors looking to capitalize on the Section 8 program, the difference between the FMR and the current market rent presents an opportunity to offer competitive rates while still receiving the higher reimbursement from the government. This can lead to increased occupancy rates and a more stable cash flow. In conclusion, the Section 8 program in Gowrie, IA, offers a promising avenue for landlords and investors, with the potential to achieve rental rates close to the FMR while serving a financially secure tenant base.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.