Location: Clayton County, IA | Metro: Clayton County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
5.6% of the residents in ZIP code 52044 are renters, indicating a modest demand for rental properties in the area. This percentage aligns with the $920 Fair Market Rent (FMR) established for the metro area in fiscal year 2026, which sets the standard for rental assistance under the Section 8 program. Given the N/A figure for the market rent, it's clear that the official FMR serves as a critical benchmark for landlords and investors. The median income of $75,792 provides context on the financial capabilities of the local population, suggesting that while some may qualify for Section 8 assistance, others could afford higher rents. The absence of data on days on market (DOM) and the percentage of price-cut shares indicates stability in the real estate market, without significant fluctuations that might affect rental property values. For landlords and small-portfolio investors considering Section 8 participation, the $920 FMR is a reliable indicator of potential rental income, ensuring that properties remain competitive and financially viable. Despite the lack of specific market rent data, the FMR provides a solid foundation for setting rental rates that attract both subsidized and unsubsidized tenants. In conclusion, with a stable 5.6% renter share and a well-defined FMR, ZIP code 52044 presents a balanced opportunity for Section 8 involvement.
Section 8 Verdict: Acceptable.
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.