Location: Clay County, IA | Metro: Clay County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 51341 reveals a unique market scenario that leans towards a low-yield and low-stability environment, primarily due to the lack of significant rental activity and incomplete data on key metrics such as median home values and days on market (DOM).
On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,140. However, the absence of market-specific FMR data and the non-availability of median home values make it challenging to accurately gauge the potential rental yield for properties in ZIP 51341. This suggests that while there might be some baseline income from rentals, it's likely to be modest given the limited information and the reported 0.0% of residents identified as renters.
Moving to the stability axis, the market presents several indicators that point towards instability. The primary concern here is the lack of detailed data on rental income and DOM, which are critical factors for assessing the consistency of cash flow and the speed at which properties can be sold or rented out. Without these figures, landlords and small-portfolio investors cannot reliably predict the time and effort required to turn over their properties, nor can they forecast stable income streams.
To summarize, ZIP 51341 does not emerge as a high-yield market, given the modest FMR and the apparent scarcity of rental demand. Additionally, the market lacks stability due to insufficient data on key performance indicators, which would typically guide investment decisions. Therefore, this area is best classified as a low-stability market with limited potential for high-yield returns. Investors should proceed with caution and seek additional local insights before committing capital to this ZIP code.
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.