Location: Jones County, IA | Metro: Cedar Rapids, IA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,160 | $248,598 | 0.47% | F |
| 3BR | $1,610 | $285,071 | 0.56% | F |
| 4BR | $1,940 | $331,008 | 0.59% | F |
U.S. Census Bureau data (2024)
The ZIP code 52336, encompassing Springville, IA, presents a dynamic rental market with clear implications for both landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area, set at $960 for fiscal year 2024, is notably lower than the market rent of $1,069 as reported by the Census Bureau's American Community Survey (ACS). This suggests that the rental market in Springville is robust, with rents slightly above the federally determined fair market level.
A key indicator of market health is the percentage of homes sold at a discount, which is currently not available for ZIP 52336. Similarly, the Days on Market (DOM) data, which would indicate how quickly properties sell, is also missing. However, the median home value of $276,530 provides insight into the overall housing market's stability and value perception in the area.
The 11.0% renter share in Springville is relatively low, indicating that the majority of residents own their homes. This characteristic can imply less immediate pressure on rental markets but also suggests a potential long-term trend towards increased rental demand if homeownership rates decline. It's important for investors to monitor broader economic trends and local employment conditions that could influence the balance between renters and homeowners.
In summary, the current snapshot of Springville's housing market reveals a rental sector that is performing well above the federal benchmark, suggesting a tight market where demand meets or exceeds supply. The low renter share points to a community heavily invested in homeownership, which can provide a stable investment environment for those looking to purchase properties for long-term appreciation rather than short-term rental income. For landlords, the higher-than-FMR rental prices indicate a favorable position to charge market rates and potentially see steady occupancy levels.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.