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 | $780 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,390 | $227,053 | 0.61% | D |
U.S. Census Bureau data (2024)
The ZIP code 52171 presents a dynamic rental market, driven by the interplay between fixed Fair Market Rent (FMR) standards and fluctuating actual market rents. With an FMR set at $970 for the fiscal year 2026, it's clear that the federal benchmark aims to provide a safety net for tenants, ensuring affordability. However, the current market rent, recorded at $475 according to the Census ACS, suggests a significant gap between what the government deems fair and what the market is currently offering.
This disparity indicates a potential oversupply of rental units, where landlords might be adjusting their rents to attract tenants. While the exact percentage of price cuts and days on the market (DOM) are not available, the lower market rent compared to FMR points towards a scenario where supply may indeed exceed demand. Landlords in this area must be vigilant to ensure their rental rates remain competitive without compromising profitability.
The median home value in ZIP 52171 stands at $233,300. This figure provides insight into the overall economic landscape of the area, suggesting a moderate property valuation that could influence both rental and homeownership decisions. The 13.6% renter share reveals a predominantly owner-occupied community, which typically implies less immediate pressure on rental markets. However, a smaller proportion of renters can also indicate long-term housing stability, as fewer residents are in transitional living situations.
Despite the lack of historical data, the snapshot paints a picture of a balanced market with room for strategic adjustments. For landlords and small-portfolio investors, understanding these dynamics is crucial for setting realistic expectations and making informed decisions regarding property management and investment strategies.
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.