Location: Muscatine County, IA | Metro: Louisa 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 | $860 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,410 | $231,937 | 0.61% | D |
| 4BR | $1,670 | $376,612 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 52754 has a population of 1,533, with only 8.2% being renters. This indicates that it is primarily a homeowner-dominated area rather than a renter-heavy one. The low percentage of renters suggests that there is likely less demand for rental properties using Section 8 vouchers compared to areas with higher percentages of renters.
The median household income in this ZIP code is $104,250, while the market rent is $994. This means that the typical rent eats up approximately 11.5% of the local median income. To calculate this, we divide the market rent by the median household income and multiply by 100: ($994 / $104,250) * 100 = 11.5%. This figure is relatively low, indicating that renting is affordable for most residents.
The Fair Market Rent (FMR) for the area is set at $1,110 for FY 2026, which is slightly higher than the current market rent. Landlords should be aware that the FMR could influence future rent increases if market conditions change.
In terms of tenant profiles, landlords in ZIP 52754 should expect tenants who are financially stable and can afford rent without relying heavily on Section 8 vouchers. Given the high median income and low percentage of renters, the demand for subsidized housing is likely lower than in more urbanized areas with a higher proportion of renters. Tenants here will likely have good credit histories and stable employment, making them reliable and desirable for property owners.
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.