Location: Ringgold County, IA | Metro: Ringgold County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
U.S. Census Bureau data (2024)
The median home value in ZIP 50860, located in Ringgold County, IA, is $90,000 according to recent data. This figure is significantly lower than the national average, which stands at $366,019. Despite the lack of specific market rent figures for ZIP 50860, we can infer trends from the surrounding area. In ZIP 50860, typical monthly housing costs for renter households range from $750 to $999, including utilities.
Given the HUD FMR of $920 for the metro area for fiscal year 2026, voucher tenants in ZIP 50860 would cashflow marginally at this rate. However, landlords could see improved cashflow with premium units that offer additional amenities or better quality. The rent-to-price ratio is approximately 1.1%, derived from dividing the FMR by the median home value. This low ratio suggests that the area may be less attractive for buy-and-hold investors looking for significant appreciation.
While there is no specific data on the number of days on market (DOM) or the percentage of price cuts, the overall stability of the local real estate market remains a key factor. Given the low median home value and typical rental ranges, stability is the strongest angle for investors in ZIP 50860. Landlords can expect consistent demand from both voucher and non-voucher tenants, ensuring steady income streams.
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.