Location: Benton County, IA | Metro: Benton County, IA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The market in ZIP code 52257 presents a dynamic scenario that reflects both stability and potential shifts in housing demand. With a Fair Market Rent (FMR) set at $950 for the fiscal year 2024, landlords and small-portfolio investors have a benchmark for setting rental rates that align with federal guidelines. However, the lack of reported market rent data suggests a less active rental market, which could indicate that the area is primarily composed of owner-occupied homes or that rental listings are sparse.
The median home value of $321,912 provides insight into the overall property values in the region. This figure can be used to gauge the financial health and investment potential of the neighborhood. While the percentage share of price cuts and the days on market (DOM) are not available, these metrics would typically help in understanding how quickly properties are selling and whether sellers are adjusting their prices to attract buyers. The absence of these figures might imply a steady market where property values remain relatively stable without significant fluctuations.
The 15.5% renter share is noteworthy. It indicates that a smaller portion of the population in ZIP 52257 is renting compared to owning, which could suggest a community that leans towards homeownership. This statistic also implies that there may be long-term housing pressure as the number of renters is relatively low, potentially indicating that fewer units are available for rent. Landlords should consider this when evaluating the potential for rental income in the area.
In summary, ZIP 52257 appears to be a market where supply and demand dynamics are likely balanced, with a slight inclination towards homeownership over renting. The established FMR and median home value provide a solid foundation for investment decisions, but the lack of detailed rental market data suggests caution and further research for those considering rental investments. The relatively low renter share points to a trend where residents prefer to own rather than rent, which can influence the local real estate landscape and should be factored into any analysis.
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.