Location: Page County, IA | Metro: Fremont County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The ZIP code 51647, located in Page County, IA, serves as a strategic diversifier within a Section 8 portfolio. With a median income of $23,633, this area reflects a demographic that heavily relies on government assistance for housing. This makes it an ideal candidate for properties that cater to low-income renters, ensuring steady occupancy and cash flow.
The lack of specific market and median home value data indicates that this area might not be experiencing significant appreciation trends. However, the 7.9% renter share suggests that there is a notable segment of the population seeking rental properties, which aligns well with the goals of a Section 8 investment strategy. Given the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920, landlords can expect consistent rental income, albeit at a lower rate compared to more affluent areas.
While ZIP 51647 does not present itself as a cash-flow anchor due to the absence of market and median home value data, nor as an appreciation play because of the limited growth potential indicated by the same lack of data, it remains a valuable component of a diversified portfolio. The reliance on Section 8 vouchers ensures a stable tenant base, reducing the risk of vacancy and providing predictable returns.
To further enhance the viability of this ZIP code as a diversifier, landlords should focus on maintaining properties to meet the standards required by the Section 8 program. This includes regular upkeep and adherence to health and safety regulations, which can lead to long-term tenancy and minimize turnover costs.
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.