Location: Fayette County, IA | Metro: Fayette County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 50681 stands out due to its unique mix of low population density and relatively high median home values. With only 481 residents, it has a rental rate of 13.8%, indicating that most residents own their homes. The median income in this area is $73,333, which is modest but supports the median home value of $193,157. This suggests a community where homeownership is valued and achievable.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, while the actual market rent based on Census ACS data is $633. This discrepancy means that landlords in ZIP 50681 can potentially receive higher rents through Section 8 vouchers compared to the local market rates. Landlords should be aware that these higher rents could help offset any administrative burdens associated with accepting Section 8 tenants.
The data signature for ZIP 50681 reads as stable. The low rental rate indicates a predominantly owner-occupied community, and the modest income levels coupled with manageable home values suggest a balanced housing market. While the opportunity to benefit from higher FMRs through Section 8 participation exists, the overall economic profile of the area does not indicate rapid change or volatility. For small-portfolio investors, this stability can be advantageous, providing a predictable environment for investment and property management.
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.