Location: Taylor County, IA | Metro: Page 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 | $690 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $930 | $117,133 | 0.79% | D |
| 3BR | $1,200 | $172,019 | 0.7% | D |
| 4BR | $1,290 | $163,526 | 0.79% | D |
U.S. Census Bureau data (2024)
The ZIP code 50833 in Iowa presents a dynamic rental market that is influenced by various factors. The Fair Market Rent (FMR) for the area is set at $920 for the fiscal year 2026, indicating a benchmark that landlords should aim to meet or slightly exceed to remain competitive. However, the current market rent, as per the Census American Community Survey (ACS), stands at $681, suggesting that there is room for rents to increase towards the FMR without pricing out potential tenants.
The median home value in ZIP 50833 is $142,785, which is a significant figure for homeowners but also reflects on the rental market. With a 27.0% renter share, it's clear that a considerable portion of the population prefers renting over buying. This percentage is indicative of long-term housing pressure, as it signals an ongoing need for rental properties. In areas where the renter share is high, landlords can expect a steady demand for rental units, which is beneficial for maintaining occupancy rates and ensuring a stable income stream.
The lack of specific data regarding the percentage of price-cut share and days on market (DOM) makes it challenging to definitively state whether supply outpaces demand or vice versa. However, given the discrepancy between the FMR and the current market rent, it suggests that there might be some supply-side flexibility. Landlords could potentially raise rents closer to the FMR without significantly impacting their ability to lease units, implying that demand may be strong enough to support higher rents.
The dynamics of ZIP 50833 highlight a rental market that is poised for growth, driven by the gap between the FMR and current market rents. As the economy evolves and more individuals opt for renting, the 27.0% renter share points to sustained pressure on the housing market, favoring those who offer well-maintained and competitively priced rental units. For small-portfolio investors, this means focusing on quality maintenance and fair pricing to attract and retain tenants, capitalizing on the inherent demand within the area.
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.