Section 8 Fair Market Rent (FMR) for ZIP 52074 - 2027
Location: Jackson County, IA | Metro: Jackson County, IA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$86,250
To determine if a landlord should invest in ZIP code 52074 for Section 8 properties, follow this decision tree:
- 1) Does the Fair Market Rent (FMR) of $980 cover the debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest in this ZIP code for Section 8 properties. The FMR is insufficient to clear the debt service, making it financially unviable.
- 2) Is the market rent above, at, or below the FMR of $980?
- If above: The area is overpriced relative to the FMR, which means Section 8 tenants will not be able to afford the rent. This makes investment in Section 8 properties less attractive.
- If at or below: Proceed to the next question. Section 8 tenants can afford the rent, making it a viable option.
- 3) Are there enough renters and days on market (DOM) to ensure demand?
- If the 23.6% of renters combined with N/A-day DOM indicate sufficient demand: Yes, you should consider buying in ZIP 52074 for Section 8 properties. There is enough rental activity to support occupancy.
- If not: It depends. Insufficient demand could mean difficulty in filling vacancies. Evaluate other factors such as vacancy rates, population growth, and local job markets before deciding.
Note that the data provided does not include the exact market rent or days on market. For a precise analysis, these missing pieces of information must be obtained. Without the market rent, it's impossible to accurately compare it against the FMR. And without the DOM figure, it's unclear whether there is sufficient demand to justify an investment.
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.