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 | $780 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $216,426 | 0.49% | F |
| 3BR | $1,390 | $335,031 | 0.41% | F |
| 4BR | $1,690 | $427,832 | 0.4% | F |
| 5BR | $1,960 | $530,616 | 0.37% | F |
U.S. Census Bureau data (2024)
The potential risks for investing in Section 8 properties in ZIP code 52748 in Eldridge, IA, must be carefully considered. Tenant turnover could be a significant issue, as the market rent stands at $935, slightly below the Fair Market Rent (FMR) of $960 for fiscal year 2024. This disparity might lead to higher tenant churn, impacting long-term stability and rental income consistency.
Vacancy exposure is another concern. The Days on Market (DOM) for properties in this area is not available, which makes it challenging to predict how quickly a property can be rented out. High DOM values typically indicate a sluggish rental market, increasing the risk of prolonged vacancies and reduced cash flow.
Deferred maintenance poses a substantial risk due to the relatively low median income of $107,869 compared to the typical home value of $347,197. Landlords may face higher-than-average repair and maintenance costs, as tenants may not have the financial capacity to cover such expenses. This cost discrepancy can erode profit margins if not managed effectively.
However, these risks are somewhat mitigated by the high concentration of renters in the area. With a 13.1% renter share, there is a strong likelihood of increased demand for Section 8 vouchers. This higher density of renters often translates into a larger pool of qualified voucher holders, reducing the likelihood of extended vacancies.
In conclusion, the investment risk for a first-time Section 8 landlord in ZIP code 52748 in Eldridge, IA, is moderate.
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.