Section 8 Fair Market Rent (FMR) for ZIP 50573 - 2027
Location: Pocahontas County, IA | Metro: Pocahontas County, IA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $820 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$48,542
To determine if you should buy in ZIP code 50573 for Section 8 investments, follow these steps:
- Step 1: Clear Debt Service? The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $1,120. If this amount does not cover the debt service on the properties in ZIP 50573, then the answer is No. Debt service must be covered by rental income to ensure financial stability.
- Step 2: Market Rent Comparison? If the FMR of $1,120 clears debt service, next compare it to the market rent. The market rent is currently N/A, which means we cannot make a direct comparison. However, if the market rent were above or equal to $1,120, that would indicate strong alignment with FMR, leading to a Yes. If the market rent is below $1,120, landlords might face challenges attracting tenants who can pay the FMR, leading to an It Depends.
- Step 3: Sufficient Demand? Assuming the FMR clears debt service and aligns well with market rent, the next consideration is the demand. In ZIP 50573, 23.8% of residents are renters, and the Days on Market (DOM) average is N/A days. A high percentage of renters combined with a low DOM suggests strong demand. If the DOM is less than the national average, typically around 40-50 days, then the demand is robust, leading to a Yes. If the DOM is higher, indicating slower sales or rentals, the answer is It Depends, as it might suggest over-saturation or other local factors affecting demand.
The decision ultimately hinges on the specific financial details of the properties in question and the local rental market dynamics. Ensure that all factors are considered before making an investment decision.
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.