Location: Dickinson County, IA | Metro: Dickinson County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
The ZIP code 51363 stands as a microcosm of rental market dynamics, revealing insights into the balance between supply and demand. With a Fair Market Rent (FMR) set at $960 for the fiscal year 2026, it's clear that this area is under the scrutiny of HUD guidelines, which are indicative of the rental pricing landscape. The absence of specific market rent data suggests a lack of robust competition among landlords, pointing towards a scenario where supply might be slightly ahead of demand. This inference is supported by the absence of data on price-cut shares and days on market (DOM), which typically would highlight aggressive landlord behavior in response to sluggish demand.
The median home value being listed as N/A indicates a scarcity of sales data, possibly due to limited turnover in the housing market. This could suggest that homeownership is stable and perhaps preferred over renting, but it also leaves room for speculation regarding the overall health of the property market in this ZIP code.
A key figure to consider is the 2.2% renter share. This percentage is notably low, indicating that a vast majority of residents own their homes rather than rent. While this points to a strong preference for homeownership, it also implies potential long-term housing pressure. As the population grows or changes, the demand for rental properties could rise, leading to increased competition among renters and upward pressure on rents. However, with the current snapshot, the rental market appears to be relatively calm, with few signs of immediate stress.
In summary, ZIP 51363 presents a market where the rental sector is currently under less pressure compared to areas with higher renter shares. The low renter share suggests a predominantly owner-occupied community, which can stabilize local property values but also means that any shift in demographics or economic conditions could quickly alter the market dynamics.
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.