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 |
|---|---|---|---|---|
| 3BR | $1,210 | $203,692 | 0.59% | F |
| 4BR | $1,360 | $248,851 | 0.55% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 52064 presents a nuanced scenario for both landlords and small-portfolio investors, particularly when considering the interplay between home values and rental market dynamics. With a median home value of $205,611, the area is relatively affordable compared to many metropolitan regions, yet the lack of percentage data on listings that have been reduced and the median days on market (DOM) suggest a stable market with little fluctuation.
The absence of significant reductions in listing prices indicates that sellers are maintaining their asking prices, which could imply a level of confidence in the local real estate market. This stability, coupled with the median DOM being unspecified but likely short given the lack of price reductions, suggests that homes are selling quickly at or near their asking prices. Such conditions signal strong pricing power for landlords and investors over the next 12-24 months, as they can maintain or slightly increase rents without fear of losing tenants to lower-cost alternatives.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected to be $920, while the current market rent stands at $838 based on Census ACS data. This upward trajectory of rental prices, driven by anticipated increases in the FMR, provides an opportunity for landlords to gradually adjust their rents to align with the projected fair market rates. However, it's important to note that such adjustments should be made thoughtfully to avoid tenant turnover and associated costs.
For long-term investors, the setup implied by the data suggests a moderate appreciation thesis. The combination of a stable housing market with steady demand and rising rental prices points to gradual growth in property values. However, the appreciation rate is unlikely to be explosive due to the lack of significant economic drivers mentioned in the data, such as major job creation or population influx. Instead, the appreciation will likely follow a steady path, benefiting those who hold onto properties for extended periods.
In summary, the current real estate metrics in ZIP 52064 indicate a balanced market where landlords and investors can exert considerable pricing power. The potential for rental increases in line with the FMR projection offers a clear strategy for enhancing cash flow, while the moderate appreciation thesis supports long-term investment goals. These factors combined create a favorable environment for those looking to invest in or manage residential properties in this area.
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.