Section 8 Fair Market Rent (FMR) for ZIP 52586 - 2027

Location: Mahaska County, IA | Metro: Keokuk County, IA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$780
2 Bedrooms	$980
3 Bedrooms	$1,220
4 Bedrooms	$1,310
5 Bedrooms	$1,520
6 Bedrooms	$1,702
7 Bedrooms	$1,838
8 Bedrooms	$1,930

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

600

Median Household Income

$53,125

Housing Units

263

Renter Percentage

33.7%

Occupancy Rate

97.0%

Renter Occupied

The ZIP code 52586, located in Iowa, is a suburban area with a mix of rental properties and owner-occupied homes. The region offers a stable environment for real estate investment, particularly for those interested in the rental market. Here is a concise market analysis based on key data points:

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, providing a benchmark for rental pricing.
The market rent, as per the latest Census ACS data, stands at $858, indicating that the actual rents charged are slightly below the FMR, which leaves room for potential increases.
The median home value in the area is $227,014, suggesting that property values are relatively affordable compared to other parts of the state.
Renters make up 33.7% of the housing market, a significant portion that highlights the demand for rental properties.
The median household income is $53,125, which can support modest rent increases without significantly impacting tenants' ability to pay.

Investors looking to enter the rental market in ZIP 52586 can expect a steady demand driven by the substantial renter population and manageable property values. With actual market rents currently below the FMR, there is potential for modest price adjustments. The median income supports the existing rental rates and suggests that tenants can handle slight increases, making this area attractive for both landlords and small-portfolio investors seeking consistent returns.

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.