Section 8 Fair Market Rent (FMR) for ZIP 52309 - 2027

Location: Jackson County, IA | Metro: Jones County, IA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$690
1 Bedroom	$780
2 Bedrooms	$990
3 Bedrooms	$1,300
4 Bedrooms	$1,380
5 Bedrooms	$1,601
6 Bedrooms	$1,793
7 Bedrooms	$1,936
8 Bedrooms	$2,033

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

443

Median Household Income

$56,250

Housing Units

190

Renter Percentage

12.1%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 52309, located in Iowa, encompasses a suburban area characterized by a mix of residential neighborhoods and local businesses. The region benefits from a stable economy and a moderate cost of living, making it attractive for both homeowners and renters.

The Fair Market Rent (FMR) for ZIP 52309 in fiscal year 2024 is set at $860, providing a benchmark for rental pricing.
Market rent data is currently unavailable, which suggests that landlords should closely monitor local trends to ensure competitive pricing.
The median home value in the area stands at $259,951, indicating a relatively affordable market for property investment.
Renters make up 12.1% of the housing market in ZIP 52309, showing a smaller but significant demand for rental properties.
The days on market (DOM) statistic is not available, which could imply that sales activity is steady and listings do not linger long before closing.
The median household income in the area is $56,250, suggesting that tenants may have a moderate ability to pay rent without financial strain.

Given these data points, investors looking to enter the ZIP 52309 market can expect a stable environment with a fair rental price point. The lower median home value presents an opportunity for affordable entry-level investments, while the moderate renter share indicates a steady but not overwhelming demand for rental properties. Landlords should keep an eye on local rental trends to adjust their pricing accordingly and ensure profitability. The median income figure supports the feasibility of collecting rent at the established FMR levels without significant default risks. Overall, ZIP 52309 offers a balanced real estate market with potential for both rental and sale-based investments.

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.