Location: Ringgold County, IA | Metro: Ringgold County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
920 is the Fair Market Rent (FMR) for ZIP code 50854 as of metro FY 2026, indicating the upper limit for monthly rental costs under Section 8 guidelines. 707 is the average market rent reported by the Census ACS, suggesting that properties meeting the FMR could command a premium. At 139,104, the median home value in this ZIP code is relatively stable, providing a solid foundation for investment decisions. 23.7% represents the portion of households that are renters, a figure that underscores the demand for rental properties but also highlights the importance of understanding the local market dynamics. 81,250 is the median income level in the area, which is crucial for assessing the financial capacity of potential tenants. While the data on days on market (DOM) and the percentage of homes with price cuts are not available, the current market conditions and rental rates provide enough insight for strategic planning. The gap between the FMR and the market rent means that landlords can potentially participate in the Section 8 program while still earning above-average returns compared to the local rental market. This ZIP code's characteristics, including its median home value and income levels, make it a viable option for Section 8 participation. However, the lack of recent sales data complicates the assessment of how effectively homes can be sold if needed, though the steady median home value suggests stability. In conclusion, given the favorable rent-to-income ratio and the manageable gap between market rents and the FMR, ZIP code 50854 presents a positive outlook for Section 8 landlords and small-portfolio investors.
Verdict: Acceptable for Section 8 participation.
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.