Location: Ringgold County, IA | Metro: Ringgold County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP 50835 in fiscal year 2026 is set at $970. However, current market rent data is not available, suggesting that the local rental market may be less active or less tracked compared to larger metropolitan areas.
The median home value in ZIP 50835 is not readily available, making it challenging to derive an exact rent-to-price ratio. Nonetheless, the lack of recent median home values indicates a stable but potentially stagnant housing market. This stability can be advantageous for investors seeking consistent cash flow rather than rapid appreciation.
Historical data from 2011 to 2024 shows that typical monthly housing costs for renter households in ZIP 50835 have ranged from $500 to $749, indicating that the $970 FMR is above the historical average. This suggests that voucher tenants could cash flow at the FMR level, especially considering the lower end of the historical rent range.
The absence of recent median days on market (DOM) and price-cut share data does not provide a complete picture of the rent-versus-buy dynamics. However, the historical trend of lower rents compared to the FMR indicates that the rental market is likely to remain favorable for Section 8 investors.
In conclusion, the strongest investor angle in ZIP 50835 is likely cash flow, given the higher FMR relative to historical rent levels and the potential for steady demand from voucher holders in a stable housing market.
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.