Location: Monona County, IA | Metro: Monona County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 51572, located within the Monona County, IA metro area, presents a unique profile when compared to typical ZIP codes in the same county. With a Fair Market Rent (FMR) set at $920 for fiscal year 2026, it slightly exceeds the market rent figure of $632, indicating a moderate level of affordability for renters. The home value in this ZIP is $128,967, which is notably lower than the average home value in the broader metro area, suggesting that it may be considered a value pocket for potential buyers looking for more affordable housing options.
A key indicator for landlords and small-portfolio investors is the renter share, which stands at 16.1% in ZIP 51572. This percentage is significant because it suggests a substantial portion of the population relies on rental housing, including those who might qualify for Section 8 assistance. However, the divergence between the relatively low home value and the above-average market rent for the metro area implies that while property acquisition costs are lower, the rental income potential is still competitive.
In summary, ZIP 51572 can be classified as a value pocket within the Monona County, IA metro. Its lower home values combined with a higher-than-average renter share make it an attractive option for investors interested in acquiring properties at a lower cost while still benefiting from decent rental rates. The fact that the market rent is below the FMR also indicates that there could be opportunities for landlords to participate in the Section 8 program without significantly compromising their rental income expectations.
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.