Location: Floyd County, IA | Metro: Bremer County, IA HUD Metro FMR Area
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 | $690 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $930 | $133,560 | 0.7% | D |
| 3BR | $1,240 | $196,180 | 0.63% | D |
| 4BR | $1,280 | $241,719 | 0.53% | F |
| 5BR | $1,485 | $343,985 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 50658, located in Nashua, Iowa, is situated within the Floyd County, Iowa metro area. A comparison of key metrics reveals that 50658 stands out as a mid-tier neighborhood relative to other ZIP codes in Floyd County.
The Fair Market Rent (FMR) for ZIP 50658 in fiscal year 2024 is set at $860. This figure is higher than the market rent of $766, indicating that federally subsidized rental units are priced slightly above the average local rents. This can be seen as a positive sign for landlords who might benefit from higher rental income.
The median home value in ZIP 50658 is $189,590. This value aligns closely with the overall median home value in Floyd County, suggesting that property prices in 50658 are reflective of the broader county trend. Investors looking to purchase properties should find the cost of entry reasonable and consistent with other areas in the metro.
The renter share in ZIP 50658 is 19.5%. This percentage is noteworthy as it suggests a moderate presence of renters in the area. While it's not exceptionally high, it does indicate a stable demand for rental properties. The combination of a below-metro home value and a significant renter share makes 50658 a viable option for landlords and small-portfolio investors seeking to tap into the rental market without facing excessively high property acquisition costs.
To summarize, ZIP 50658 is best classified as a mid-tier neighborhood within the Floyd County, IA metro. Its FMR and market rent suggest a slight premium for subsidized rentals, while its median home value remains in line with county averages. The relatively high renter share supports the idea that there is a solid base of tenants, making it a strategic location for those interested in real estate investment focused on the rental sector.
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.