Location: Sac County, IA | Metro: Calhoun County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,200 |
| 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 50561, as set by the U.S. Department of Housing and Urban Development for fiscal year 2026, is $920. This figure represents the payment standard for Section 8 housing vouchers, meaning that tenants with vouchers will receive up to $920 per month to cover their rent. However, it's important to note that this does not dictate your rent price; you can charge more or less, but the voucher amount is capped at $920.
To put this into perspective, the average rent in ZIP 50561, according to the latest Census American Community Survey (ACS), is $696. This suggests that the FMR for Section 8 is higher than the typical market rate, potentially offering landlords a more stable income source.
The 18.1% share of renters in the area indicates a moderate demand for rental properties. While not overwhelming, this percentage ensures there is a consistent pool of potential tenants who might benefit from Section 8 vouchers. With the average household income at $136,722, it's clear that many residents could afford higher rents without assistance, but some still rely on subsidies to find affordable housing.
If you're considering acquiring a property for a Section 8 rental, the median home value of $136,722 gives you an idea of the investment required. This figure should be used alongside other factors such as maintenance costs and vacancy rates to determine if the property will be financially viable under the Section 8 program.
Before finalizing your decision, verify that the property meets all local housing quality standards, known as Housing Quality Standards (HQS). These criteria ensure that the unit is safe and habitable for tenants, which is a prerequisite for participation in the Section 8 program.
In summary, the $920 FMR provides a reliable income floor for Section 8 rentals, surpassing the average local rent of $696. The 18.1% renter share signals a steady demand, and the median income of $136,722 suggests a diverse mix of potential tenants. Ensure the property complies with HQS to secure your place in the Section 8 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.