Location: Clinton County, IA | Metro: Clinton County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The analysis of ZIP 52701 in Clinton County, Iowa, reveals several key points for landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $940. However, the lack of data on market rent makes it impossible to compare these figures directly. This absence of market rent data suggests that either the market is not well-documented or that there's a significant gap between what is considered fair and what the market demands.
Regarding the affordability of acquisitions, the median home value and typical days on market (DOM), along with the percentage of homes needing price cuts, are all listed as N/A. This indicates a scarcity of recent transaction data, which could imply a slow-moving market or insufficient listings to establish reliable metrics. Without these figures, it's challenging to gauge how easy or difficult it will be to acquire properties at reasonable prices.
Tenant demand is another critical factor. With a total population of 124, and 38.9% of residents being renters, there is a notable segment of the population looking for rental properties. This high renter share can be advantageous for landlords, as it suggests a steady pool of potential tenants who are actively seeking housing options in the area.
In conclusion, while the high renter share in ZIP 52701 presents an opportunity for landlords, the lack of market rent data and property transaction metrics complicates the assessment of profitability and acquisition costs. The FMR of $940 provides a benchmark but without comparative market data, making informed decisions requires additional research into local rental trends and property values. The high proportion of renters supports the idea that there is demand for rental units, but the feasibility of securing a profit depends on understanding the local market dynamics beyond the available data points.
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.