Location: Dubuque, IA | Metro: Dubuque, IA MSA
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 | $870 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,250 | $288,143 | 0.43% | F |
| 3BR | $1,680 | $311,028 | 0.54% | F |
| 4BR | $2,060 | $420,256 | 0.49% | F |
| 5BR | $2,390 | $542,010 | 0.44% | F |
U.S. Census Bureau data (2024)
Dubuque, IA's ZIP code 52002 stands out due to its relatively high median income of $91,036 and median home value of $339,212. With a population of 17,005, 23.4% of residents rent their homes, indicating a mix of homeowners and renters typical of suburban areas.
The voucher economics in ZIP 52002 are favorable for landlords. The Fair Market Rent (FMR) for Section 8 vouchers in fiscal year 2024 is set at $1,030, while the Zillow Observed Rent Index (ZORI) indicates that the average market rent is $1,278. This means that landlords can expect to receive a subsidy that is $248 below the market rate per unit, making it a viable option for those looking to manage properties with a steady income stream.
The data signature for ZIP 52002 reads as stable. The relatively high median income and home values suggest a strong local economy and a stable housing market. The rental percentage is moderate, indicating that the area is not heavily reliant on rental income but has a significant enough rental market to support Section 8 participation.
Landlords and small-portfolio investors should take note of these figures when considering properties in ZIP 52002. The combination of a stable economic environment and favorable voucher economics presents an opportunity for consistent returns and property management without the risks associated with transitional markets.
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.