Location: Carroll County, IA | Metro: Carroll County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,250 |
| 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)
The ZIP code 51459 stands as a market in motion, characterized by the snapshot of its Fair Market Rent (FMR) at $940 for fiscal year 2026. While specific figures for market rent, price-cut share, days on market (DOM), and median home value are not available, the 18.2% renter share offers significant insight into the local housing dynamics.
A higher renter share often indicates a region where housing pressures are more pronounced. In ZIP 51459, the 18.2% of residents who are renters suggests that there is a segment of the population finding homeownership less accessible, potentially due to financial constraints or preference for rental properties. This trend can be indicative of a scenario where demand for rentals might be steady or increasing, depending on broader economic factors affecting the area.
The absence of recent market rent data could imply either a stable market where rents have not fluctuated significantly since the last report, or it could indicate a lack of activity or reporting mechanisms that capture current rental trends. Similarly, the unavailability of price-cut share and DOM figures might point to a smaller volume of transactions, making it difficult to discern whether supply is outpacing demand or vice versa.
However, the FMR figure serves as a benchmark for the rental market, suggesting that the average cost for a rental property is set at $940. This figure is crucial for landlords and small-portfolio investors as it reflects the affordability threshold for renters and the potential revenue stream for landlords.
The dynamics of ZIP 51459 suggest a market where the rental sector plays a significant role, influenced by the percentage of residents choosing to rent rather than own. For investors, this means a continued focus on rental properties may yield stable returns, contingent upon the ability to maintain occupancy rates and manage properties effectively.
To fully understand the trajectory of this market, further analysis of economic indicators, employment rates, and demographic shifts would be necessary. Nonetheless, the current snapshot highlights the importance of the rental market within ZIP 51459, driven by a notable portion of the population preferring or needing to rent.
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.