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 | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The ZIP code 52077 stands out due to its unique data profile. With only 313 residents, it has a rental rate of 6.8%, indicating that most homeowners in this area own their homes outright or are paying mortgages. The median income of $77,188 suggests a middle-class community, while the median home value of $286,755 is relatively high, reflecting the overall economic status of the area.
Moving into the specifics of Section 8 economics, the Fair Market Rent (FMR) for the metro area covering fiscal year 2026 is set at $920. However, there is no available market rent data for ZIP 52077, which means that landlords must rely on the FMR as a guideline for setting rental rates for Section 8 tenants. This lack of local market data can be a challenge when determining competitive rental prices.
The data signature for ZIP 52077 reads as stable. Despite the low number of renters, the high median home value and median income indicate a consistent economic environment. Landlords should consider the limited rental pool when deciding whether to participate in the Section 8 program, as the competition for tenants could be intense. Given the reliance on FMR without local market context, landlords need to carefully evaluate their costs and desired returns before accepting Section 8 vouchers in this ZIP code.
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.