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 | $880 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $241,844 | 0.49% | F |
| 3BR | $1,570 | $323,688 | 0.49% | F |
| 4BR | $1,940 | $403,393 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 52768, located in Princeton, IA, presents a dynamic housing market that is indicative of evolving conditions. The Fair Market Rent (FMR) for the area stands at $1070 for the fiscal year 2024, which contrasts sharply with the reported market rent of $600 based on Census ACS data. This discrepancy suggests that there might be a significant gap between what the government considers a fair rent and what the actual market is bearing.
The median home value in ZIP 52768 is $326,810. While the data does not provide a direct comparison over time, the relatively high median home value could imply a steady increase in property values, driven by local economic factors or demographic shifts. However, the absence of specific data on price-cut share and days on market (DOM) makes it difficult to definitively state whether supply outpaces demand or vice versa. These metrics would typically help identify trends such as rising inventory levels or quicker sales, which can inform on market direction.
The 9.9% renter share of the population is noteworthy. A lower percentage of renters often indicates a preference for homeownership, but it also means that a smaller portion of the housing stock is available as rental units. Over the long term, this can create pressure on the rental market if there's an influx of new residents seeking rental properties. Landlords and small-portfolio investors should be attentive to any changes in this ratio, as it could signal shifts in the balance between renters and owners, affecting both rental demand and property values.
In summary, ZIP 52768 appears to be a market in flux, with potential for growth in property values and evolving dynamics between rental and ownership preferences. The current data points towards a scenario where the rental market may face upward pressure due to the low renter share, while the median home value suggests a stable to slightly appreciating housing market. Investors should monitor these trends closely to make informed 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.