Location: Poweshiek County, IA | Metro: Iowa County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 52222 is situated in a tranquil, suburban neighborhood characterized by a relatively low population density with only 631 residents. The area is predominantly owner-occupied, with only 13.7% of the population being renters, indicating a community where homeownership is the norm. The median household income in this ZIP code stands at a robust $81,964, which suggests that the residents have a good financial standing. Additionally, the median home value is listed at $225,009, reflecting a moderate cost of living in the area.
When it comes to rental economics, the data presents an interesting contrast. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,000. However, the actual market rent as reported by the Census ACS is significantly lower at $481. This discrepancy highlights a potential opportunity for landlords and investors who can capitalize on the gap between the FMR and the current market rent.
Given these figures, ZIP 52222 is likely to appeal to a hands-on value-add buyer rather than a hands-off voucher operator. The lower market rent compared to the FMR indicates that there is room to increase rents if properties are upgraded or marketed effectively. A hands-on approach would be necessary to identify and implement value-adding improvements that could justify higher rents closer to the FMR level. For those looking to operate purely on Section 8 vouchers without engaging in property improvements, the area might present challenges due to the low percentage of renters and the significant difference between the FMR and the actual market rent.
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.