Location: Webster County, IA | Metro: Calhoun County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
The ZIP code 50566, located in a county with only 325 residents, stands out due to its unique demographic and economic characteristics. With just 5.1% of the population renting, this area has a predominantly owner-occupied housing market. The median income of $78,750 suggests a relatively affluent community, while the median home value of $193,180 indicates a high cost of living and property values.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,260. However, the lack of available market rent data means that landlords must rely on the FMR as the sole reference point for rental rates. This can be challenging, as the FMR does not necessarily reflect the actual rental prices in such a small and potentially unique market.
The data signature for ZIP 50566 reads as stable, with a high median income and home values indicating a consistent economic environment. Despite the low percentage of renters, the presence of Section 8 vouchers can still provide a steady stream of tenants for those willing to participate in the program. Given the limited market data, landlords should carefully consider the local demand and competition before setting their rental rates.
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.