Section 8 Fair Market Rent (FMR) for ZIP 52169 - 2027

Location: Fayette County, IA | Metro: Clayton County, IA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$690
1 Bedroom	$710
2 Bedrooms	$930
3 Bedrooms	$1,220
4 Bedrooms	$1,300
5 Bedrooms	$1,508
6 Bedrooms	$1,689
7 Bedrooms	$1,824
8 Bedrooms	$1,915

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

367

Median Household Income

$52,321

Housing Units

226

Renter Percentage

21.8%

Occupancy Rate

75.2%

Renter Occupied

The ZIP code 52169, located in Iowa, represents a modest suburban community with a mix of rental and homeownership opportunities. The area is characterized by its affordability and stability, making it an attractive option for both tenants and property owners.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $920. This figure provides a benchmark for rental pricing that aligns with the local economic conditions.
The market rent for the area, based on Census American Community Survey (ACS) data, stands at $592 for a typical unit. This indicates that there is potential for increasing rental rates closer to the FMR without becoming unaffordable for the majority of residents.
The median home value in ZIP 52169 is $227,955. This suggests a stable housing market where investments can be made with confidence in the long-term appreciation of property values.
Renters make up 21.8% of the population, indicating a significant demand for rental properties but also leaving room for growth in homeownership.
The median income for the area is $52,321, which is a key factor in determining the financial capability of potential tenants to afford higher rents.
The Days on Market (DOM) is not available, which might imply that transactions in this area are relatively quick, though this would need further investigation to confirm.

In summary, ZIP 52169 presents a balanced market for real estate investment. With a median home value below the national average and a moderate renter share, there is a solid foundation for rental properties to command fair market rents. The gap between current market rents and the FMR offers an opportunity for price adjustments that can increase revenue without straining the local economy. Given the median income, there is a reliable tenant base capable of meeting these adjusted rent levels. For landlords and small-portfolio investors, this area promises steady returns and manageable risks, especially when focusing on rental properties that cater to the local income levels.

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.