Location: Bremer 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 | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $990 | $125,993 | 0.79% | D |
| 3BR | $1,300 | $176,262 | 0.74% | D |
| 4BR | $1,310 | $225,697 | 0.58% | F |
U.S. Census Bureau data (2024)
The ZIP code 50676, located in Tripoli, Iowa, is primarily a homeowner-dominated area with only 10.8% of residents being renters. This means that the tenant pool is relatively small compared to areas with higher percentages of renters. The median household income in this region stands at $87,115, which provides a basis for evaluating the affordability of housing.
Market rents in the area average $913 per month, slightly above the Fair Market Rent (FMR) of $860 for FY 2024. This discrepancy suggests that landlords might be able to charge slightly more than the FMR without significantly deterring potential tenants. However, the overall rental demand is not particularly high due to the low percentage of renters.
To understand the impact of rent on local incomes, consider that the average market rent of $913 constitutes approximately 12.5% of the median household income. This indicates that rent is a manageable portion of income for most households in the area. In comparison, the FMR of $860 represents about 11.7% of the median income, further emphasizing the slight premium landlords can command.
Given these factors, landlords in ZIP 50676 should anticipate a tenant pool that is less reliant on Section 8 vouchers. Tenants here are likely to have stable incomes and be capable of paying market rates. While some voucher holders may still be present, they will not form a significant portion of the rental market due to the area's predominantly owner-occupied housing stock and the relatively low proportion of renters.
The type of tenant a landlord in this ZIP code should expect is someone who is financially secure and has a steady source of income. These tenants are likely to be more independent and less dependent on government assistance programs. Landlords should focus on maintaining properties that meet the needs of individuals and families who value homeownership but are currently renting due to personal choice or financial planning.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.