Location: Jackson 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 | $670 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,210 |
| 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 |
|---|---|---|---|---|
| 3BR | $1,210 | $268,007 | 0.45% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 52731 in metro FY 2026 is set at $1,080. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which is the maximum amount the government will pay towards your tenant's rent. It does not mean you can charge $1,080; it means that if your property qualifies, the government will cover up to $1,080 per month for eligible tenants.
In comparison, the average rent in ZIP 52731 is currently $700, according to recent Census American Community Survey data. This suggests that there is room for pricing above the average market rate but below the FMR to attract Section 8 tenants while still being competitive.
The 17.7% share of renters in the area indicates a moderate demand for rental properties. While not overwhelming, this percentage ensures a steady pool of potential tenants who might be interested in Section 8 housing.
If you're looking to acquire a property in this ZIP code, expect the median home value to be around $247,025. This price point should be considered when evaluating the return on investment for a Section 8 rental.
Before proceeding, verify that your property meets the minimum property standards required by the Section 8 program. These standards ensure the safety and habitability of the unit, and failure to meet them could delay or prevent your participation in the program.
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.