Location: Clinton County, IA | Metro: Clinton County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The median income in ZIP code 52727 stands at $103,188. However, without a specified market rate for rental properties, it's challenging to directly assess affordability. The Fair Market Rent (FMR) set by the Department of Housing and Urban Development (HUD) for this area in fiscal year 2026 is $940. This figure represents the voucher payment standard for housing assistance.
Given the low percentage of renters—only 7.5%—and a relatively small population of 398, the competition among landlords in ZIP 52727 is likely minimal. The affordability gap between the median income and the FMR suggests that households could potentially afford higher rents than what is covered by the voucher program. Yet, the lack of detailed market rate information means that landlords should be cautious in setting their own rental rates.
For landlords considering their strategy regarding voucher tenants versus those paying in cash, the key takeaway is that while there might be room to charge more than the voucher amount, the limited rental market means securing tenants, whether through vouchers or cash payments, is essential. Vouchers offer a stable and government-backed source of income, albeit at a fixed rate. Cash-paying tenants might offer higher rents but come with the risk of economic fluctuations affecting their ability to pay.
In conclusion, landlords in ZIP 52727 should balance the benefits of voucher stability against the potential for higher rents from cash-paying tenants, keeping in mind the small size of the rental market and the need to ensure occupancy.
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.