Location: Osceola County, IA | Metro: Dickinson County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
51345, 60.0% of the residents in this area are renters, indicating a strong demand for rental properties. With a market rent of $950 according to the Census ACS, landlords can set competitive prices. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030, which suggests that landlords participating in the Section 8 program could potentially receive higher rents than the average market rate. The median home value stands at $191,685, providing a solid basis for property investment. Given the median income of $54,301, it's clear that the majority of residents can afford the market rent, but may struggle to save for homeownership.
51345, despite the lack of specific data on days on market (DOM) and the percentage of price-cut share, the high renter share and the disparity between the market rent and FMR indicate that there is a significant opportunity for landlords in this area, particularly those willing to participate in the Section 8 program. The higher FMR compared to the market rent means that landlords who join Section 8 can secure a more stable income stream while still offering affordable housing options to low-income families.
51345, the verdict for Section 8 participation is positive. Landlords can benefit from receiving $1,030 in rent, which exceeds the current market rate of $950, while providing a necessary service to the community.
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.