Section 8 Fair Market Rent (FMR) for ZIP 52571 - 2027

Location: Monroe County, IA | Metro: Appanoose County, IA

Investment Score for ZIP 52571

Monthly Rent (2BR)

$950

Median Price (2BR)

$202,436

1% Rule

0.47%

Annual Yield

5.63%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$730
2 Bedrooms	$950
3 Bedrooms	$1,150
4 Bedrooms	$1,300
5 Bedrooms	$1,508
6 Bedrooms	$1,689
7 Bedrooms	$1,824
8 Bedrooms	$1,915

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$950	$202,436	0.47%	F
3BR	$1,150	$239,259	0.48%	F
4BR	$1,300	$305,521	0.43%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,660

Median Household Income

$81,953

Housing Units

830

Renter Percentage

16.8%

Occupancy Rate

78.9%

Renter Occupied

110

The town of Moravia, located in ZIP code 52571, Iowa, presents a modest but stable rental market for landlords and small-portfolio investors. Nestled in a rural setting, Moravia offers a quiet environment with a strong sense of community, making it an attractive location for those seeking a peaceful place to live.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $950.
The average market rent for properties in Moravia, as per the Census American Community Survey, stands at $814.
The median home value in Moravia is $205,911, reflecting the overall affordability of the housing market.
Renters make up 16.8% of the local housing market, indicating that a significant portion of residents prefer homeownership.
The median income in the area is $81,953, providing insight into the financial stability of potential tenants.
The Days on Market (DOM) for rentals is not available, which could suggest either a very efficient market or limited data on rental turnovers.

Given these data points, investors should recognize that while the rental market in Moravia is steady, it does not offer high returns compared to larger metropolitan areas. The gap between the Fair Market Rent and the actual market rent suggests some room for price adjustments without alienating tenants. The relatively low median home value indicates that property acquisition costs are manageable, and the solid median income figure supports the likelihood of timely rent payments. However, the low share of renters implies that demand for rental properties might be limited, necessitating a focus on maintaining competitive pricing and property quality to attract and retain tenants.

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.