Location: Davis County, IA | Metro: Davis County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The ZIP code 52560 presents several challenges for first-time Section 8 landlords. Tenant turnover is a significant concern due to the discrepancy between the market rent and the Fair Market Rent (FMR) set at $1,020 for FY 2026. This can lead to frequent changes in occupancy, which disrupts stability and increases administrative burdens.
Vacancy exposure is another issue, especially since the days on market (DOM) data is currently unavailable. This lack of information makes it difficult to predict how long properties might remain vacant, thus affecting cash flow and profitability. The typical home value in this area stands at $209,680, while the median income is significantly lower at $116,500. This disparity suggests that landlords may face deferred maintenance issues as tenants struggle to afford necessary repairs and upkeep.
However, these risks must be weighed against the fact that 2.5% of the population are renters. While this percentage might seem modest, it translates into a high concentration of potential voucher users, indicating strong demand for affordable housing options. High renter density typically correlates with higher demand for Section 8 vouchers, providing a measure of security for landlords who can manage the initial challenges.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.