Location: Fayette County, IA | Metro: Fayette County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
17.3% of residents in ZIP code 52164 are renters, indicating a significant portion of the population relies on rental housing. This statistic underscores the importance of understanding the local rental market dynamics for landlords and small-portfolio investors. In metro area fiscal year 2026, the Fair Market Rent (FMR) for ZIP 52164 is set at $950, which represents the maximum amount a landlord can charge for a Section 8 voucher. The median income of $48,375 provides context on the economic standing of the area's residents. Although specific figures for market rent and median home value are not available, the combination of the FMR and median income suggests that rental properties priced around $950 will likely be attractive to tenants qualifying for Section 8 vouchers. Given the absence of data on days on market (DOM) and the percentage of price-cut share, it's prudent to focus on the demand-side indicators such as the renter share and median income. These factors point to a stable rental market where properties priced close to the FMR can expect steady occupancy rates. The verdict for Section 8 participation in ZIP 52164 is positive, with the potential for consistent cash flow and minimal vacancy periods.
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.