Location: Clinton County, 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $165,839 | 0.62% | D |
| 3BR | $1,350 | $264,965 | 0.51% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 52729, located in Calamus, IA, within the Clinton County, IA metro area, does not align favorably. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $860. However, the actual market rent, according to Census ACS data, is significantly lower at $642. This discrepancy suggests that landlords might face challenges in covering operational costs if they rely solely on the market rent.
Acquisition in this ZIP code is relatively affordable, with a median home value of $219,977. Despite the lack of data on days on market (DOM) and the percentage of homes requiring price cuts, the median home value indicates a moderate cost of entry. Landlords can acquire properties at a reasonable price, but the lower market rent could impact profitability.
Tenant demand in ZIP 52729 is modest. With a total population of 886, only 9.3% are renters. This translates to approximately 82 potential tenants, which is a limited pool compared to other areas. The low renter share suggests that finding and retaining tenants might be challenging.
Based on these factors, ZIP 52729 presents a mixed outlook for landlords and small-portfolio investors. While the acquisition cost is affordable, the lower market rent and limited tenant demand pose significant risks. Investors should carefully consider these aspects before making any investment decisions in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.