Location: Ringgold County, IA | Metro: Ringgold County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 50863 stands out due to its small resident population of just 194 individuals. With only 16.9% of the residents renting their homes, it's evident that this area has a predominantly owner-occupied housing market. The median income for residents in ZIP 50863 is $66,125, which provides insight into the economic status of the community. However, the lack of data regarding the median home value suggests that there might be limited housing stock available for analysis.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920. This figure is notably higher than the current market rent, which is reported at $788 according to the Census ACS. Landlords and small-portfolio investors should take note of this discrepancy as it indicates a potential opportunity to increase rental income through participation in the Section 8 program. Given the low percentage of renters in the area, securing tenants through the voucher program can be a strategic move to ensure stable occupancy rates.
The data signature for ZIP 50863 reads as "stable." Despite the small population and limited rental market, the consistent median income and the presence of Section 8 vouchers provide a reliable framework for landlords and investors. The gap between the FMR and the market rent also suggests that there is room for growth in rental pricing, especially if the demand for rental properties increases. Investors should monitor local trends and consider the long-term benefits of offering affordable housing options through the Section 8 program.
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.