Location: Van Buren County, IA | Metro: Henry County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The ZIP code 52630 presents a dynamic rental market that is currently favoring demand over supply. The Fair Market Rent (FMR) for the area, set at $940 for fiscal year 2026, is established by the U.S. Department of Housing and Urban Development (HUD) as a benchmark for affordability. This figure is notably lower than the actual market rent, which stands at $1,188 according to the latest Census American Community Survey (ACS) data. This discrepancy suggests that landlords can charge above the HUD's affordability threshold, indicating strong tenant interest and a competitive rental environment.
The median home value in ZIP 52630 is $189,382. While this provides insight into the overall housing costs, the lack of data on price-cut shares and days on market (DOM) makes it challenging to assess the exact state of the sales market. However, given the higher market rent compared to the FMR, it's reasonable to infer that the rental market is robust and potentially under pressure due to limited supply.
A 21.4% renter share in the population indicates a significant portion of residents who prefer or need to lease rather than purchase their homes. This ratio can be an indicator of long-term housing pressure, as a higher percentage of renters often correlates with less homeownership opportunities or financial constraints among residents. Landlords and small-portfolio investors should consider this a sign of sustained demand for rental properties in the area, which could support steady occupancy rates and rental income.
In summary, ZIP 52630 is a market where demand for rentals exceeds supply, driven by the gap between the FMR and market rent, as well as a notable renter share of the population. These factors create a favorable environment for landlords looking to maintain high occupancy and potentially grow their rental income. However, the absence of data on price-cut shares and DOM means the sales market dynamics remain unclear, although the high market rent suggests a tight rental market that could benefit from additional units.
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.