Location: Davenport-Moline-Rock Island, IA | Metro: Davenport-Moline-Rock Island, IA-IL MSA
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 | $740 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $135,171 | 0.76% | D |
| 3BR | $1,350 | $176,448 | 0.77% | D |
U.S. Census Bureau data (2024)
The ZIP code 52728, located in Buffalo, Iowa, stands out within Scott County due to its unique demographic and economic profile. With a total population of 984 residents, it has a rental rate of 23.4%, indicating a relatively stable housing market where most residents own their homes. The median household income in ZIP 52728 is $69,239, which is slightly above the national average, suggesting a financially comfortable community. The median home value is $155,292, reflecting a modest but affordable residential real estate market.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 52728 in fiscal year 2024 is set at $860. This figure is notably higher than the current market rent, which is estimated at $769 according to the latest Census American Community Survey (ACS) data. This disparity indicates that landlords participating in the Section 8 program can expect to receive slightly more than the typical market rate for rental properties, making it an attractive option for those looking to secure tenants in a stable area.
The data signature for ZIP 52728 suggests a stable environment. The modest increase in the FMR compared to the market rate implies that the local economy is steady, with little indication of significant fluctuations or transitional phases. This stability is further reinforced by the median income and home values, which have remained consistent over recent years. For landlords and small-portfolio investors, ZIP 52728 presents a reliable investment opportunity, offering both financial security and a predictable tenant base through the Section 8 program.
To summarize, ZIP 52728 is a stable ZIP code with a slight premium for Section 8 vouchers over the market rate. The median income and home values indicate a comfortable and predictable living environment, making it a suitable location for real estate investments.
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.