Location: Wapello County, IA | Metro: Wapello County, IA
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 | $970 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,300 | $158,613 | 0.82% | C |
| 3BR | $1,700 | $191,863 | 0.89% | C |
U.S. Census Bureau data (2024)
The ZIP code 52530 in Agency, Iowa, stands out within Wapello County due to its unique demographic and economic characteristics. With a total population of 945 residents, it has a relatively low rental rate of 24.0%, indicating that the majority of residents own their homes. The median household income in this area is $98,125, which is above the national average, suggesting a prosperous community. The median home value is notably high at $185,740, reflecting the overall wealth and property appreciation in the region.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,060. However, specific market rent data for ZIP 52530 is currently unavailable, making it difficult to assess the direct impact of Section 8 vouchers on local rental properties. Landlords and small-portfolio investors should consider the higher median home values when determining the potential value of accepting vouchers for rental units in this ZIP code.
The data signature for ZIP 52530 reads as stable, with a strong median income and high median home values indicating a steady economic foundation. The low percentage of renters suggests a community where homeownership is prevalent, potentially reducing the demand for rental properties that accept Section 8 vouchers. Nonetheless, the presence of Section 8 vouchers can still provide a reliable source of income 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.