Location: Crawford County, IA | Metro: Carroll County, IA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $236,694 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 51467 stands out due to its unique mix of low rental population and relatively high median income and home values. With only 596 residents, it has a modest population size but boasts a median income of $81,250 and a median home value of $219,954. These figures indicate that the majority of the residents own their homes, with only 16.5% of the population renting.
The rental market in ZIP 51467 is influenced by federal housing assistance programs. The Fair Market Rent (FMR) for the area, set at $920 for fiscal year 2026, is significantly higher than the current market rent of $742, based on Census American Community Survey (ACS) data. This discrepancy suggests that landlords who accept Section 8 vouchers could benefit from higher rental rates, which align more closely with the government's assessment of fair market value.
The data signature for ZIP 51467 reads as stable. The low percentage of renters and high median income suggest that the community is financially secure and less likely to experience rapid changes in housing dynamics. However, the potential for increased rental income through Section 8 vouchers could attract more landlords into the rental market, adding a slight transitional element to the otherwise stable environment.
Landlords and small-portfolio investors should consider the following:
In conclusion, ZIP 51467 offers a promising opportunity for landlords willing to participate in the Section 8 program. The combination of a stable local economy and the potential for higher rents through voucher acceptance makes it an attractive investment location.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.