Location: Calhoun County, IA | Metro: Calhoun County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,130 |
| 4 Bedrooms | $1,230 |
| 5 Bedrooms | $1,427 |
| 6 Bedrooms | $1,598 |
| 7 Bedrooms | $1,726 |
| 8 Bedrooms | $1,812 |
U.S. Census Bureau data (2024)
ZIP code 50552 stands out due to its unique demographic and economic characteristics. With only 76 residents, it has one of the smallest populations among comparable ZIP codes. Despite this, 11.5% of these residents are renters, indicating a niche rental market. The median income for the area is $89,000, which is relatively high, suggesting that residents have disposable income beyond basic necessities.
The median home value data is unavailable, making it difficult to assess the overall housing market's performance. However, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $920, which serves as a benchmark for the rental market. Given the lack of specific market rent data for ZIP 50552, landlords can use this figure to price their units competitively, ensuring they remain attractive to potential tenants who might be using Section 8 vouchers.
In terms of voucher economics, landlords should note that the FMR is a key determinant in setting rent for subsidized units. Since the market rent data is not available, relying on the FMR is advisable. This means that for a unit to be eligible under the Section 8 program, the rent cannot exceed $920 per month. Landlords must ensure that their rental rates align with this guideline to participate effectively in the Section 8 program.
The data signature for ZIP 50552 reads as stable. The small population and high median income suggest a community where residents are likely financially secure. While the rental rate is low compared to the overall income levels, the reliance on the FMR for pricing indicates a steady approach to managing rental properties. For small-portfolio investors, this ZIP code presents an opportunity to offer affordable housing without sacrificing quality or financial prudence.
To summarize, ZIP 50552 offers a stable environment for landlords and investors interested in Section 8 properties. With a median income of $89,000 and a focus on the $920 FMR for setting rents, there is a clear path for those willing to navigate the nuances of a small, high-income 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.