Location: Kossuth County, IA | Metro: Kossuth County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,100 |
| 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 investment risk assessment for ZIP code 50590 reveals several challenges that potential Section 8 landlords must consider. Firstly, tenant turnover is a significant concern due to the discrepancy between the market rent of $669 and the Federal Market Rent (FMR) of $920 for fiscal year 2026. This gap can lead to frequent tenant changes as individuals may seek properties that offer better financial terms.
Vacancy exposure is another critical issue. With no data available on the number of days on market (DOM), it's difficult to predict how long a property might remain unoccupied. High vacancy rates can result in significant financial losses for landlords, especially when relying on a fixed rental subsidy program like Section 8.
The deferred maintenance exposure is also noteworthy. Given the typical home value of $105,726 and the median income of $57,639, homeowners may struggle to keep up with necessary repairs and improvements. This can impact the overall condition of the property and potentially affect its eligibility for the Section 8 program if it does not meet required standards.
However, these risks are somewhat mitigated by the high renter share in the area, which stands at 29.1%. A higher proportion of renters often translates into greater demand for housing vouchers, indicating a steady pool of potential tenants who qualify for Section 8 assistance. This demand can help ensure that properties remain occupied and reduce the likelihood of prolonged vacancies.
In conclusion, despite the challenges posed by tenant turnover, vacancy exposure, and deferred maintenance, the high renter share in ZIP 50590 suggests a moderate risk for a first-time Section 8 landlord.
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.