Location: Davis County, IA | Metro: Appanoose County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 52594 are straightforward. For a two-bedroom apartment, the SAFMR (Small Area Fair Market Rent) is set at $960 for fiscal year 2026. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program for this specific ZIP code.
To understand what a landlord will actually receive from a voucher, it's important to break down the components. The tenant is responsible for paying 30% of their adjusted income towards rent. Beyond that, the voucher covers the remaining rent up to the SAFMR limit, plus utility allowances. Utility allowances vary but are typically around $200-$300 per month for a two-bedroom unit, depending on local energy costs.
Let's assume the tenant's portion of the rent is $288 based on an adjusted income of $960 (30%). With the SAFMR at $960, the voucher would cover the difference between the tenant's payment and the SAFMR, which is $672. If we include a utility allowance of $250, the total monthly reimbursement from the voucher would be approximately $922 ($288 + $672 + $250).
This means that in ZIP 52594, landlords participating in the Section 8 program for a two-bedroom apartment will receive about $922 per month, assuming the utility allowance is $250. Since the SAFMR is $960, there is a slight reimbursement gap of $38 per month. This gap must be absorbed by the landlord as part of the agreement to accept Section 8 tenants.
In summary, landlords in ZIP 52594 who choose to participate in the Section 8 program for a two-bedroom rental unit can expect a total reimbursement of around $922 per month, leading to a small reimbursement gap of $38 compared to the SAFMR of $960.
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.