Location: Clayton County, IA | Metro: Clayton County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 52072 is situated in a small-town setting, characterized by a modest population of 454 residents. With 42.6% of the residents being renters, it suggests a community where a significant portion of the housing market is dedicated to rental properties. The median household income in this area stands at $62,250, indicating a middle-class demographic. The median home value of $282,653 reflects the overall economic status of the homeowners in the region.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920. This figure contrasts sharply with the actual market rent of $665, as reported by the Census ACS. This discrepancy highlights an opportunity for investors looking to capitalize on the difference between government-set voucher rates and local market conditions.
Does ZIP 52072 suit a hands-off voucher operator or a hands-on value-add buyer? The answer lies in the potential for both strategies. For a hands-off operator, the gap between the FMR and the market rent offers a chance to secure steady returns through Section 8 vouchers without the need for extensive property management. However, for a hands-on value-add buyer, there is room to improve property values and rents, potentially aligning them closer to the FMR over time. Both approaches can be viable depending on the investor's goals and risk tolerance.
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.