Location: Wright County, IA | Metro: Humboldt County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
ZIP code 50577, located within Wright County, IA, presents a unique profile when compared to other ZIP codes in the same county. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920. However, ZIP 50577's actual market rent stands at $746, which is notably lower than the FMR. This suggests that 50577 could be considered a value pocket within the metro, offering rental properties at a discount compared to the average.
The median home value in ZIP 50577 is listed at $108,513, which is also likely below the average for the metro area. When analyzing the data, it becomes apparent that this ZIP code offers both rental and homeownership opportunities at a reduced cost relative to the broader metro area. This makes it an attractive option for those seeking affordable housing.
The renter share in ZIP 50577 is 10.9%, indicating that a significant portion of the population rents their homes rather than owning them. This is a key point of interest for Section 8 real estate analysts. A higher renter share combined with below-metro home values can signal a sweet spot for Section 8 properties. Landlords and small-portfolio investors should take note of this trend as it suggests a potentially robust demand for affordable rental units.
To further contextualize the position of ZIP 50577 within Wright County, IA, it is important to consider how these figures diverge from the typical ZIP codes in the area. While specific comparative data for all ZIP codes in Wright County is not provided, the combination of lower-than-average market rent and below-average home values indicates a sub-market that is particularly appealing for those interested in affordable housing solutions.
In summary, ZIP 50577 appears to be a value pocket within the metro area, characterized by its lower market rent and below-average home values, coupled with a notable renter share. This positioning could present opportunities for landlords and investors looking to capitalize on the demand for affordable rental properties.
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.