Location: Clayton County, IA | Metro: Clayton County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The market in ZIP code 52047 presents a dynamic equilibrium between supply and demand, leaning towards a scenario where demand is robust enough to support current rental rates but not strong enough to drive significant price cuts or rapid turnover. This inference is drawn from the snapshot of the Fair Market Rent (FMR) at $920 for the fiscal year 2026, which is notably higher than the market rent reported at $716 based on Census ACS data. The discrepancy suggests that while the market is aware of the FMR benchmark, actual rents have yet to fully align with it, indicating potential upward pressure on rental prices.
A median home value of $272,630 reflects a stable residential market, suggesting that homeownership remains accessible to a broad range of buyers. However, the absence of specific data regarding the percentage of price-cut shares and days on the market (DOM) limits a more precise assessment of the current supply-demand balance. Nonetheless, the gap between FMR and market rent implies a market where demand is steady but not overwhelming, allowing for some negotiation space without driving down prices.
The 14.3% renter share highlights a community where a substantial portion of residents are long-term homeowners. This statistic underscores a potentially lower turnover rate among renters, which could translate into fewer short-term fluctuations in rental markets. For landlords and small-portfolio investors, this indicates a market with relatively stable tenant retention, reducing the risk of vacancies. However, the same stability might also suggest that long-term pressures on housing, such as population growth or changes in local employment, could gradually push rental prices closer to the FMR benchmark over time.
In summary, ZIP 52047 operates under a balanced market condition, with rental prices slightly below the FMR benchmark, indicating a steady but not overheated demand. The high median home value alongside a moderate renter share points to a market where homeownership is prevalent, and the rental sector is likely to experience gradual rather than sudden changes. For investors, this represents a predictable environment with opportunities for consistent returns, provided they stay attuned to broader economic trends affecting the area.
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.