Location: Wapello County, IA | Metro: Wapello County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The median home value in ZIP 52548 is $82,500, which is significantly lower than the national average. This makes it an attractive option for investors looking to expand their portfolio into areas with different economic profiles.
The median income in the area is $75,750, indicating a moderate level of financial stability among residents. However, the low median home value suggests that many residents may be eligible for Section 8 assistance due to the disparity between income and housing costs.
A key factor in determining whether ZIP 52548 is suitable for a Section 8 strategy is the rental market. The typical rent for a 2-bedroom apartment in this ZIP code is $1,000 or more per month, including utilities. Given the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $1,070, landlords can expect to receive a reasonable amount of rental assistance while still maintaining positive cash flow.
The data also shows that 32.4% of the population are renters, which aligns well with the target demographic for Section 8 properties. This high percentage of renters suggests a steady demand for affordable housing options.
While there is no specific data on price-cut shares or days on market (DOM) for appreciation plays, the low median home value indicates that property values have not appreciated significantly over time. This makes ZIP 52548 less likely to be a strong candidate for capital appreciation but ideal for generating consistent rental income.
In summary, ZIP 52548 is best suited as a diversifier within a Section 8 portfolio. It offers a mix of moderate income levels and low home values, ensuring a stable tenant base and predictable cash flows. With a 32.4% renter share and typical rents aligning closely with the $1,070 FMR, this ZIP code provides a solid foundation for long-term investment goals focused on rental income rather than rapid appreciation.
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.