Location: Dubuque, IA | Metro: Dubuque, IA MSA
| 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 |
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). 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.