Location: Taylor County, IA | Metro: Ringgold County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
U.S. Census Bureau data (2024)
ZIP code 50836 is primarily a homeowner-dominated area with only 9.2% of its population being renters. This percentage indicates that there is not a heavy concentration of potential Section 8 tenants in this ZIP code. The median household income stands at $81,500, which suggests that most residents can afford market rents without assistance.
The market rent for the area is set at $830 per month. Considering the median income, this means that the typical rent eats up approximately 12.2% of the local income. This figure is calculated by dividing the monthly rent ($830) by the annual income ($81,500), then multiplying by 100 to get the percentage. It's important to note that while this percentage is significant, it is still within an affordable range for the majority of households.
The Fair Market Rent (FMR) for the area, as determined by HUD for fiscal year 2026, is $920. This is slightly higher than the current market rent, indicating that there might be some upward pressure on rents in the near future. However, the difference between the market rent and FMR is not substantial enough to suggest a high demand for rental subsidies such as Section 8 vouchers.
A landlord in ZIP code 50836 should expect a tenant profile that includes individuals and families who are likely to have stable incomes and may not require rental assistance programs. The scarcity of vouchers in this area means that tenants relying on Section 8 will be fewer, and landlords may find themselves catering more to those who can pay market rates or other forms of financial aid.
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.