Location: Cedar County, IA | Metro: Cedar County, IA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $283,502 | 0.49% | F |
U.S. Census Bureau data (2024)
ZIP code 52721, located within the Cedar County, IA metro area, exhibits characteristics that position it as a mid-tier neighborhood. The Fair Market Rent (FMR) for the area is set at $1,000 for fiscal year 2026, which aligns closely with the metro's average. Market rents in 52721 stand slightly below this mark at $895, indicating a competitive rental environment.
The median home value in ZIP 52721 is $237,615, which is reflective of the typical Cedar County, IA ZIP codes. This figure suggests that homeownership remains accessible without being overly affordable, keeping the market balanced between affordability and value retention.
A noteworthy aspect of 52721 is its 17.0% renter share. This percentage is significant but does not necessarily indicate a high concentration of Section 8 tenants. However, when combined with the below-average home values, it can suggest that the area may be attractive to renters seeking affordable housing options, including those who might benefit from federal assistance programs.
To determine if 52721 is a value pocket or a premium sub-market, we must consider the interplay between the FMR, market rent, and home values. Given that the market rent is slightly below the FMR and the home values are in line with the county average, 52721 presents a middle ground within its metro area. It is neither excessively expensive nor notably cheap compared to surrounding areas.
The slight discrepancy between the FMR and market rent could be an opportunity for landlords to adjust their pricing strategies. By setting rents closer to the FMR, landlords could potentially attract a broader range of tenants, including those with Section 8 vouchers, while still maintaining profitability.
In summary, ZIP 52721 in Cedar County, IA, represents a mid-tier neighborhood with a balance between rental costs and home values. Its slightly below-average market rent coupled with the 17.0% renter share makes it a promising area for landlords interested in tapping into the rental market, particularly for those willing to work with Section 8 tenants.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.