Location: Floyd County, IA | Metro: Butler County, IA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $135,806 | 0.8% | D |
| 3BR | $1,290 | $200,256 | 0.64% | D |
| 4BR | $1,540 | $227,282 | 0.68% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP 50636, which encompasses Greene, IA, Butler County, and parts of Floyd County, is currently characterized by a median home value of $165,436. This figure is derived from recent data and provides a solid basis for understanding the local housing landscape.
When comparing the HUD Fair Market Rent (FMR) of $1,020 for the metro area in fiscal year 2026 against the Census ACS-reported market rent of $1,054, it becomes evident that voucher tenants in this region will cashflow marginally. The slight difference between the HUD FMR and the actual market rent suggests that landlords may experience minimal profit when renting units to voucher holders at the FMR rate. However, with premium units that offer additional amenities or are in better condition, cashflow can be more substantial.
To further analyze the investment potential, we calculate the rent-to-price ratio using the median home value of $165,436. Assuming an average annual mortgage payment based on typical financing terms, this ratio indicates a reasonable return on investment, especially considering the modest cost of living in the area. The data does not provide specific median days on market (DOM) or percentage of price cuts, but these metrics would be relevant for assessing the rent-versus-buy dynamics in the area.
The strongest investor angle in ZIP 50636 is likely to be stability. With a relatively low median home value and a manageable gap between HUD FMR and market rent, investors can expect consistent cashflow and a stable market environment, making it an attractive option for those seeking reliable returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.