Location: Jones County, IA | Metro: Jones County, 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 | $670 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $173,245 | 0.73% | D |
U.S. Census Bureau data (2024)
860 FMR (zip FY 2024) sets the baseline for rental assistance in ZIP code 52362. In comparison, the $930 market rent (Census ACS) indicates that landlords can expect a modest premium over the Fair Market Rent when setting their own rates. The median home value of $173,556 suggests that property values are relatively stable, providing a solid foundation for investment. With a 9.1% renter share, the market is not overwhelmingly dominated by renters, but there is still a significant portion of the population seeking rental properties. The median income of $72,583 points to a middle-class community, where residents have the financial capacity to afford moderate rents. However, the lack of data on days on market (DOM) and price-cut share suggests that the local real estate market may be less volatile or less tracked compared to larger metropolitan areas. This could mean that landlords and small-portfolio investors might find it easier to maintain consistent rental incomes without the need for frequent price adjustments.
Given these figures, the rental market in ZIP code 52362 appears to be balanced and predictable. Landlords can leverage the $860 FMR to attract tenants through Section 8 vouchers while maintaining a competitive edge with slightly higher market rents. The stable median home value and median income indicate a reliable tenant base, reducing the risk of vacancy and default. Although the absence of DOM and price-cut share data might limit some insights, the overall economic health of the area supports a positive outlook for rental investments.
The verdict on Section 8 in ZIP code 52362 is favorable, offering a reliable source of tenants for landlords willing to participate in the program.
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.