Location: Howard County, IA | Metro: Howard 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 | $850 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,280 | $238,861 | 0.54% | F |
U.S. Census Bureau data (2024)
The ZIP code 52155 stands out in its county with a unique demographic profile that sets it apart from other areas. With only 1,110 residents, it has a rental rate of 10.5%, indicating a predominantly owner-occupied housing market. The median income here is $57,917, and the median home value is $230,282, reflecting a modest but stable economic environment.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920. This figure contrasts sharply with the current market rent of $702, based on Census ACS data. Landlords and small-portfolio investors should take note of this discrepancy, as it suggests that tenants with vouchers can potentially afford higher rents than those currently prevailing in the market. However, it's important to understand that voucher holders may face limitations in finding properties within their price range, which could affect occupancy rates.
Based on the data signature, ZIP 52155 appears to be a relatively stable area. Its low rental rate and moderate median home value suggest a community where homeownership is the norm, and there is little indication of rapid change or transition. The modest income levels and the gap between FMR and market rent imply that while there is some potential for growth in rental income, the overall market remains steady. For investors, this stability could be a positive factor, offering predictability in returns and reduced risk compared to more volatile markets.
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.