Location: Iowa County, IA | Metro: Iowa County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 52308 reveals a favorable rental environment for those seeking stable cash flow. The HUD Fair Market Rent (FMR) for the area is set at $920 per month for fiscal year 2026, which is significantly higher than the market rent reported by the Census ACS at $613. This indicates that voucher tenants will provide a strong positive cash flow, assuming they are able to secure units at or near the FMR rate.
The median home value in ZIP 52308 is not available, making it difficult to calculate an exact rent-to-price ratio. However, given the disparity between the HUD FMR and the average market rent, it's reasonable to infer that rental properties are more attractive compared to buying in this area. The lack of data on median days on market (DOM) and the percentage of homes that have experienced price cuts suggests a relatively stable housing market, with few distressed sales.
In summary, the primary investment angle in ZIP 52308 is cash flow. With voucher tenants paying closer to the HUD FMR of $920 compared to the market rent of $613, landlords can expect a significant financial benefit from accepting Section 8 vouchers. Stability is also present due to the absence of frequent price reductions and long DOM periods, indicating a healthy real estate market.
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.