Location: Delaware County, IA | Metro: Delaware County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
16.9% of residents in ZIP code 52036 are renters, indicating a modest demand for rental properties in the area. The $920 Fair Market Rent (FMR) for metro areas in fiscal year 2026 suggests that rental units should be priced around this figure to remain competitive within the Section 8 program guidelines. In contrast, the actual market rent stands at $618 based on Census ACS data, which is significantly lower than the FMR. This discrepancy could imply potential opportunities for landlords who can offer quality accommodations at or near the FMR level.
$85,208 represents the median income for this ZIP code, providing insight into the economic profile of the area's inhabitants. While the median home value is not available, the combination of the median income and market rent figures indicates that the cost of renting is relatively low compared to earning potential, which could be a positive factor for attracting tenants. The lack of data on days on market (DOM) and the percentage of price-cut shares means there is limited information on how quickly properties are being rented out and the frequency of needing to reduce asking prices to secure tenants.
In summary, ZIP code 52036 offers a balanced environment for landlords and small-portfolio investors, with a clear gap between the market rent and the Section 8 FMR. Given the $920 FMR and $618 market rent, there is room to increase rents while still remaining within the bounds of the Section 8 program. However, the absence of certain metrics such as median home value and DOM percentages limits a comprehensive analysis. For those willing to navigate these uncertainties, the area presents viable investment opportunities. Verdict: Suitable for Section 8 participation.
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.