Location: Taylor County, IA | Metro: Adams 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 | $760 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,250 |
| 5 Bedrooms | $1,450 |
| 6 Bedrooms | $1,624 |
| 7 Bedrooms | $1,754 |
| 8 Bedrooms | $1,842 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $930 | $118,015 | 0.79% | D |
| 3BR | $1,240 | $181,256 | 0.68% | D |
U.S. Census Bureau data (2024)
The Section 8 market in ZIP code 50841, which includes Corning, IA, and parts of Adams and Taylor Counties, presents a unique opportunity for real estate investors. The HUD Fair Market Rent (FMR) for the area is set at $920 per month for FY 2026, covering a broader metro scope. In contrast, the Census ACS data reports a market rent of $763 per month for the same area.
This comparison indicates that voucher tenants will generally cashflow at the HUD FMR rate. With the FMR being $920 and the market rent at $763, landlords can expect a positive cashflow when renting to Section 8 tenants. This is particularly true for units that are priced closer to the market rent but still fall within the voucher limit.
To further analyze the investment potential, consider the median home value in the area, which stands at $143,223. Using the HUD FMR of $920, we can calculate a rent-to-price ratio of approximately 0.0078, or 0.78%. This low ratio suggests that rental income alone may not be the primary driver of returns; however, it does provide a stable source of cashflow for those who own properties outright or with minimal mortgage payments.
Note that the median Days on Market (DOM) and the percentage of price cuts are not available for this area. However, given the strong cashflow potential from voucher tenants, these metrics are less critical for assessing the overall investment attractiveness. The stability of the Section 8 program, combined with the positive cashflow, makes this region a solid choice for investors seeking consistent returns.
The strongest investor angle in ZIP 50841 is cashflow, due to the favorable difference between HUD FMR and local market rents.
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.