Location: Iowa County, IA | Metro: Iowa County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 52307 is located in a neighborhood that is predominantly residential, with a significant portion of its population consisting of renters. With a total population of 63, an overwhelming 87.3% of residents are tenants, indicating a strong rental market. The median household income in this area is $43,388, which suggests a middle-income demographic.
Given the high percentage of renters and the median income level, it is clear that the housing market in ZIP 52307 is heavily reliant on affordable options. The Federal Market Rent (FMR) for the metro area for fiscal year 2026 is set at $920, while the actual market rent, according to the Census ACS, is $671. This discrepancy highlights a potential opportunity for landlords and small-portfolio investors who can provide quality housing at a price point that aligns with the financial capabilities of the local residents.
For hands-off voucher operators, ZIP 52307 presents a viable investment opportunity due to the high concentration of renters and the alignment of market rents with the FMR. However, for those seeking a more active role as value-add buyers, there is also potential. By investing in properties and improving their quality, landlords could position themselves to capture the difference between the FMR and the current market rent, thereby increasing their revenue.
In summary, ZIP 52307 offers both passive and active investors a chance to participate in a robust rental market. The combination of a high percentage of renters and a median income of $43,388 supports the demand for affordable housing, making the area suitable for those looking to leverage the Section 8 program.
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.