Location: Davis County, IA | Metro: Davis County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
The classification of ZIP code 52584 hinges on the analysis of its yield potential and stability metrics. To begin with, the yield can be assessed by comparing the Federal Market Rent (FMR) of $1,010 for the metro area in fiscal year 2026 against the local market rent of $747. This indicates that properties in this ZIP code could potentially benefit from a higher-than-market rental rate, which would increase the yield. Additionally, the median home value of $144,824 suggests a relatively affordable entry point for investment properties.
Moving onto stability, the data reveals a few key points. Firstly, only 10.5% of residents are renters, which is a low figure and implies a less stable rental market. Secondly, the average daily days on market (DOM) is not available, making it difficult to assess how quickly properties are typically leased. Lastly, the median household income of $71,042 provides insight into the economic health of the area; however, it does not directly correlate with rental demand stability.
Based on these figures, ZIP code 52584 appears to be a moderate-yield/moderate-stability market. The potential for higher rental rates compared to the local market ($1,010 FMR vs $747 market rent) supports a moderate yield, but the low percentage of renters (10.5%) and the absence of DOM data indicate a less stable rental environment. This makes it neither a high-yield/low-stability 'flip-style' market nor a steady cashflow zone. Landlords and small-portfolio investors should proceed with caution, considering the lower rental penetration and focusing on areas where there might be higher demand for rental properties despite the overall economic conditions.
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.