Location: Page County, IA | Metro: Page County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The classification of ZIP code 51630 hinges significantly on the available data points. The Federal Market Rent (FMR) for the area is set at $940 for fiscal year 2026, which is the basis for determining rental assistance payments under the Section 8 program. However, the absence of specific market rent data and home values means that we cannot fully assess the yield potential compared to other areas.
On the stability axis, the data reveals that there are no renters in the area, which is unusual and suggests that either the data is incomplete or the area is predominantly owner-occupied. The median income figure of $70,000 provides some insight into the financial health of the residents, but without knowing the distribution of incomes and the percentage of residents who could potentially benefit from Section 8, it's challenging to make a comprehensive judgment on stability.
The days on market (DOM) data is also missing, which would be crucial in understanding how quickly properties can be leased or sold, impacting both yield and stability. Given these limitations, ZIP 51630 does not present itself as a high-yield/low-stability flip-style market due to the lack of evidence supporting rapid property turnover. Instead, it appears to lean towards being a steady-cashflow zone, particularly if the $940 FMR represents a reliable source of income through Section 8 contracts. This assumption is based on the relatively stable income levels indicated by the median income figure.
However, the absence of key market indicators such as market rent and home values means that landlords and small-portfolio investors should proceed with caution. They should seek additional local data to confirm the suitability of this ZIP code for their investment strategies. The reliance on FMR data alone makes it difficult to gauge the true yield potential relative to market conditions, and the stability assessment is limited without knowing the percentage of renters and the average DOM.
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.