Location: Page County, IA | Metro: Page County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 51636 is set at $920 for the fiscal year 2026. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program, meaning it's the maximum amount the government will pay on behalf of eligible tenants. However, this does not mean you should set your rent at $920; rather, it indicates the upper limit for reimbursement.
To put this into context, the average rent in ZIP 51636, according to the latest Census American Community Survey (ACS), is $688. This suggests that the FMR is higher than the typical market rate, which can be beneficial for landlords who want to ensure they receive a competitive income while still being part of the assistance program.
In ZIP 51636, approximately 17.1% of residents are renters, indicating a moderate demand for rental properties. While this percentage might seem low compared to urban areas, it still represents a significant portion of the population that could benefit from Section 8 vouchers.
If you're considering purchasing a property in this area for a Section 8 rental, note that the median home value is around $171,500. This price point can make acquiring a rental property relatively affordable, especially when factoring in potential rental income and government subsidies.
Before making the decision to enter the Section 8 market, verify that your property meets all the necessary requirements for participation, including safety and habitability standards. This is crucial because failing to meet these conditions can result in penalties and loss of rental income.
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.