Location: Bremer County, IA | Metro: Waterloo-Cedar Falls, 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 | $660 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,230 | $210,243 | 0.59% | F |
| 4BR | $1,590 | $253,265 | 0.63% | D |
U.S. Census Bureau data (2024)
860 is the Fair Market Rent (FMR) for ZIP code 50668 as of fiscal year 2024, setting a benchmark for rental properties in the area. 628 represents the average market rent based on Census ACS data, indicating a significant gap between market rates and the FMR. This suggests that landlords participating in the Section 8 program can expect a higher rental income compared to the local market average. 216,712 is the median home value in the region, which is relatively stable and provides a good indicator of property values for investment purposes. 15.0% is the share of renters in ZIP 50668, showing a modest but steady demand for rental housing. 85,956 is the median income level, which is important for understanding the economic profile of potential tenants. The N/A figure for days on market (DOM) and the N/A percentage for price-cut share indicate incomplete data, possibly due to low turnover or limited transactions in the area. However, the existing data points to a balanced market where Section 8 participation could be financially advantageous. Landlords should consider the higher FMR set by the government as a way to ensure steady cash flow while maintaining occupancy rates. The discrepancy between the FMR and the actual market rent also highlights the potential for landlords to earn more through Section 8 than they might in the open market. In conclusion, the Section 8 program in ZIP 50668 is a viable option for landlords seeking stable rental income with less risk of vacancy.
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.