Location: Keokuk County, IA | Metro: Jefferson 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 | $740 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,170 | $179,304 | 0.65% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 52580, as determined by the U.S. Department of Housing and Urban Development for fiscal year 2026, is set at $930. This figure represents the payment standard for Section 8 vouchers in the area, which means it's the maximum amount that the government will pay toward your tenant's rent. However, it does not necessarily reflect the actual rent you can charge.
To put this into perspective, the average rent in ZIP 52580, according to Census American Community Survey data, is $722. This suggests that the FMR is higher than the typical market rate, potentially making Section 8 rentals more financially viable compared to other rental options in the area.
The 8.9% renter share indicates that nearly 9 out of every 100 residents in the area are renters. This statistic points to a steady demand for rental properties, including those that accept Section 8 vouchers. With a consistent pool of potential tenants, landlords can expect stable occupancy rates.
If you're looking to acquire a property in ZIP 52580, the median home value stands at $156,296. This figure gives you an idea of the initial investment required to purchase a property suitable for a Section 8 rental. Given the FMR of $930, the monthly government subsidy could help cover the mortgage and maintenance costs effectively.
Before proceeding with a Section 8 rental, it is crucial to verify that your property meets all the necessary inspection criteria. The government requires that properties be safe, decent, and sanitary. A thorough inspection by a housing authority representative will ensure compliance and prevent any delays in securing a tenant.
In summary, with an FMR of $930, a lower average rent of $722, and an 8.9% renter share, ZIP 52580 presents a favorable environment for landlords and small-portfolio investors interested in Section 8 rentals. The median home value of $156,296 makes property acquisition feasible, and ensuring your property passes the required inspections will secure your place in this market.
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.