Location: Clayton County, IA | Metro: Clayton 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 | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,190 | $189,179 | 0.63% | D |
U.S. Census Bureau data (2024)
The ZIP code 52158 stands out due to its unique demographic and economic characteristics. With only 290 residents, it has a rental rate of 13.1%, indicating that the majority of the population owns their homes. The median income here is $47,188, which is relatively modest compared to the median home value of $118,157. This suggests that homeownership is attainable but requires a significant portion of the average household's income.
Moving into the specifics of Section 8 housing, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920. However, the local market rent data is not available, making it challenging to compare FMR against actual market rates. This lack of precise market data can affect the attractiveness of Section 8 vouchers to landlords in the area, as they might be uncertain about the competitiveness of the FMR against prevailing rents.
The data signature for ZIP 52158 reads as stable. The low number of renters relative to homeowners indicates a community where long-term residency and property ownership are common. While the median income is not high, it aligns with the cost of living in an area where home values are also moderate. The stability in these figures implies little fluctuation in recent years, suggesting a predictable environment for landlords and small-portfolio investors.
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.