Location: Webster County, IA | Metro: Webster County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,190 |
| 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)
The market in ZIP code 50594 presents a dynamic environment that reflects the current housing landscape. With a Fair Market Rent (FMR) of $920 for the fiscal year 2026, the area indicates a growing interest in rental properties. However, the current market rent, as reported by the Census American Community Survey, stands at $630. This discrepancy suggests that there might be an imbalance between supply and demand, likely indicating that supply currently outpaces demand. The higher FMR compared to the actual market rent could also point towards potential upward pressure on rents as the area becomes more attractive.
The median home value of $150,918 places this ZIP code within a range that is accessible to many first-time homebuyers and families looking for affordable housing options. While the exact percentage of price-cut shares and days on the market (DOM) are not available, the relatively low market rent compared to the FMR suggests that landlords and investors might have some flexibility in pricing their units, but also face competition from a larger pool of available homes.
A significant 33.3% of the population in ZIP 50594 consists of renters. This high renter share can imply several things about the long-term housing pressure. Firstly, it signals a steady demand for rental properties, which can be beneficial for landlords and investors. Secondly, it suggests that a substantial portion of the residents might be facing financial constraints that prevent them from purchasing homes, leading to sustained rental demand. Over time, this could translate into a market where rental properties continue to play a crucial role, especially if the trend towards renting persists.
In summary, ZIP 50594 is characterized by a mix of rental and homeownership opportunities. The current dynamics favor those looking to rent, with supply slightly ahead of demand. For landlords and small-portfolio investors, understanding these dynamics is key to making informed decisions about property management and investment strategies.
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.