Location: Sioux County, IA | Metro: Sioux County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The median home value in ZIP 51250 is reported at $346,366, indicating a relatively stable real estate market. However, specific data regarding the market rental rates and days on market (DOM) are not available, making it difficult to assess its potential as an appreciation play or a cash-flow anchor solely based on these criteria.
ZIP 51250 has a significant renter share of 21.6%, suggesting that there is a substantial portion of the population who prefer renting over buying. This characteristic is particularly valuable for landlords and small-portfolio investors looking to diversify their investment strategies. Diversification helps mitigate risks associated with fluctuations in the housing market, ensuring a steady stream of rental income.
Additionally, the median income in the area is $94,119, which is above the national average. This higher income level means that tenants are likely to have better financial stability, reducing the risk of default on rental payments.
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990. Given the lack of specific market rental rate data, it's important to note that the FMR provides a benchmark for rental prices. If the actual market rental rates are close to or exceed this figure, ZIP 51250 could potentially offer good cash flow opportunities for landlords participating in the Section 8 program.
In summary, ZIP 51250 serves as a diversifier within a Section 8 portfolio due to its significant renter share and higher median income, offering a balance between risk management and the potential for stable rental income.
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.