Location: Jackson County, IA | Metro: Clinton County, IA
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 | $690 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $930 | $146,154 | 0.64% | D |
| 3BR | $1,210 | $199,170 | 0.61% | D |
| 4BR | $1,360 | $249,216 | 0.55% | F |
| 5BR | $1,578 | $367,880 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 52060, located in Maquoketa, IA, is home to 8,007 residents, with 23.3% being renters. This indicates that while there is a notable rental population, it is not overwhelmingly dominant. The median household income stands at $68,143, providing a context for evaluating the financial landscape.
Market rents average $787, which represents approximately 11.5% of the median household income. This suggests that rent is a significant but manageable portion of the income for many households. However, when compared to the Fair Market Rent (FMR) of $920 for the metro area, landlords might find themselves below the benchmark if they aim to compete with market rates.
In terms of voucher utilization, the scarcity of vouchers in homeowner-dominated areas can be inferred from the lower percentage of renters. While there is a presence of Section 8 tenants, their numbers are likely limited due to the overall smaller rental market share. Landlords should prepare for a mix of tenants, including those who rely on housing vouchers, given the proximity to the FMR threshold.
To summarize, landlords in ZIP 52060 can anticipate a tenant pool that includes individuals and families who require housing assistance, alongside those who can afford market rents. Given the income levels and current market conditions, landlords should be prepared to cater to tenants whose housing costs represent a substantial part of their income, ensuring compliance with HUD guidelines and maintaining competitive pricing strategies.
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.