Location: Clinton County, IA | Metro: Clinton 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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $930 | $168,441 | 0.55% | F |
| 3BR | $1,190 | $212,758 | 0.56% | F |
| 4BR | $1,550 | $260,664 | 0.59% | F |
U.S. Census Bureau data (2024)
A skeptical investor considering ZIP 52730 (Camanche, IA) might raise several concerns regarding the viability of investing in this area. Here are some common objections along with the data to address them.
Objection 1: Will Fair Market Rent (FMR) of $920 (metro FY 2026) cover the mortgage on a $203,399 home?
The Fair Market Rent (FMR) of $920 in FY 2026 will likely not be sufficient to cover the mortgage on a $203,399 home. To calculate the monthly mortgage payment, we can use an average interest rate and term length. Assuming a 30-year fixed-rate mortgage at 4%, the monthly principal and interest payment would be approximately $975. This figure exceeds the FMR by $55, indicating that relying solely on FMR would result in a shortfall.
Objection 2: Is there enough renter demand at 23.6%?
The renter demand in ZIP 52730 is relatively low at 23.6%. However, this percentage represents the portion of households that rent, which is typical for rural areas. According to the data, the median home value in Camanche, IA, is $100,300, and the median rent for a two-bedroom apartment is between $500 and $749 per month. While the percentage of renters is modest, the lower median rent suggests that there could still be a steady demand from tenants who prefer renting over buying due to the affordability of both options. Additionally, the rental market is supported by the presence of 624 rental properties listed on Trulia, indicating a diverse range of rental offerings.
Objection 3: Will vouchers keep pace with $814 market rents?
Vouchers may struggle to keep up with market rents of $814. The Housing Choice Voucher program typically covers a significant portion but not all of the market rent. In ZIP 52730, the voucher amount is set at the FMR level, which is $920 for FY 2026. Given that the market rent is $814, it's plausible that vouchers will cover the majority of the rent. However, it's important to note that voucher holders often face challenges in finding landlords willing to accept their vouchers, especially if the voucher amount does not fully cover the market rent. Landlords should consider the potential for long-term stability and reduced vacancy rates when accepting vouchers, despite the initial financial gap.
The data provides a clear picture of the rental and housing market in ZIP 52730, but it's crucial to remember that individual circumstances can vary widely. It's recommended to consult with local real estate professionals and review recent trends to make informed investment decisions.
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.