Location: Winneshiek County, IA | Metro: Chickasaw 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 | $760 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $930 | $208,614 | 0.45% | F |
| 3BR | $1,210 | $248,389 | 0.49% | F |
| 4BR | $1,330 | $307,496 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 52132 in Iowa presents a dynamic rental market that is indicative of a balance between supply and demand, but leans slightly towards higher demand. The Fair Market Rent (FMR) set at $920 for fiscal year 2026 is notably above the current market rent of $775 as reported by the Census ACS, suggesting that while rents are currently lower, there is upward pressure on pricing. This indicates potential for growth in rental income as the market adjusts to meet the FMR standards.
The median home value of $267,788 provides context to the overall economic landscape, which can influence both the rental market and homeownership decisions. With a 29.7% renter share, it's evident that a significant portion of the population prefers or requires renting over owning, which could be due to affordability issues or lifestyle choices. This high renter share implies continuous long-term housing pressure, as a large segment of the population will likely remain renters even as the economy fluctuates.
The lack of specific data on price-cut share and days on market (DOM) makes it challenging to pinpoint exact trends in the housing market. However, given the discrepancy between the FMR and market rent, it suggests that landlords and property managers have room to increase rents gradually without resorting to price cuts. This supports the notion that demand is strong enough to sustain rent increases, though the exact pace of such increases remains uncertain.
In summary, ZIP 52132 is a market characterized by a robust rental sector, driven by a substantial renter share and upward pressure on rents. Landlords and small-portfolio investors should prepare for gradual rent adjustments to align with FMR, while also considering the broader implications of a high renter share on future market dynamics.
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.