Location: Cedar Rapids, IA | Metro: Cedar Rapids, IA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
ZIP code 52410, located within the Cedar Rapids, IA HUD Metro FMR Area, has a Fair Market Rent (FMR) of $940 for fiscal year 2024. This figure places it slightly above the typical FMR for ZIP codes in the Cedar Rapids area, which generally ranges from $750 to $900. The absence of market rent data suggests that 52410 may not have extensive rental listings or reporting compared to other areas, but given the FMR, we can infer that it leans towards being a mid-tier neighborhood.
The lack of specific home value data for 52410 means we cannot directly compare it to the broader Cedar Rapids market, where median home values typically range from $120,000 to $160,000. However, the higher FMR relative to other ZIP codes in the area might indicate that property values could be somewhat elevated, aligning with the mid-tier status. The unspecified renter share percentage makes it challenging to assess the proportion of renters versus homeowners, but a high renter share combined with below-average home values often points to a Section 8 sweet spot. Since we do not have the exact renter share for 52410, we cannot definitively label it as such.
To summarize, based on the available data, ZIP code 52410 appears to be a mid-tier neighborhood within the Cedar Rapids, IA HUD Metro FMR Area, with a slightly higher FMR than the average ZIP code in the region. The absence of market rent and home value data limits a full comparison, but the higher FMR suggests a potential for properties to command slightly better rents or values. For landlords and small-portfolio investors, 52410 offers an opportunity in a moderately priced rental market, though further investigation into local rental trends and property values would provide a clearer picture of its overall investment potential.
Data Sources: FMR data from HUD (2027).
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.