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 | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $207,613 | 0.49% | F |
| 3BR | $1,310 | $270,839 | 0.48% | F |
| 4BR | $1,700 | $351,987 | 0.48% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 52742, which includes De Witt, Iowa, is set at $1,070 for the metro area fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, meaning it's the maximum amount the government will pay towards rent for a unit in this area. However, this does not necessarily mean your rent will be exactly $1,070; it can be higher, but the voucher will only cover up to this amount.
To put this into perspective, the average rent in the same area is currently $938 according to the latest Census American Community Survey (ACS) data. This suggests that the FMR is slightly above the market rate, which could be advantageous if you're looking to rent out a property at a price closer to $1,070.
The 19.6% share of renters in De Witt indicates a moderate demand for rental properties. While this percentage isn't exceptionally high, it does suggest there is a consistent need for affordable housing options in the area. The median home value in De Witt is approximately $274,292, which gives you an idea of the potential acquisition costs for a property in this area. If you plan to purchase a home for a Section 8 rental, expect to spend around this amount.
Before you commit to becoming a Section 8 landlord, verify that the property meets all the necessary Housing Quality Standards (HQS). These standards ensure that the rental unit is safe and habitable, covering everything from structural integrity to basic amenities. Meeting these requirements is crucial as it directly impacts your ability to participate in the program and receive timely payments.
In summary, the FMR of $1,070 provides a benchmark for your rental pricing while the average rent of $938 reflects the current market conditions. With a renter share of 19.6%, there is a steady demand for rentals in De Witt, making it a viable option for first-time Section 8 landlords. Ensure your property complies with HQS to avoid any complications once you've signed up for 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.