Location: Muscatine County, IA | Metro: Davenport-Moline-Rock Island, IA-IL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 52769 stands out due to its unique mix of relatively low population density and a significant rental market share. With only 698 residents, it has a rental rate of 27.4%, which is notably higher than the national average. The median income of $88,750 suggests a middle-class demographic, while the median home value of $324,396 indicates that homeownership is somewhat expensive relative to income levels.
Moving into the specifics of Section 8 economics, the Fair Market Rent (FMR) for ZIP 52769 in fiscal year 2024 is set at $880. This contrasts sharply with the market rent of $978, as reported by the Census Bureau's American Community Survey (ACS). This discrepancy means that landlords accepting Section 8 vouchers in this area will receive slightly below market rates, but still a substantial portion of the typical rent. It also implies that the demand for affordable housing options could be high, given the gap between the FMR and market rent.
Based on the data available, the ZIP code 52769 appears to be in a transitional phase. The relatively high rental rate combined with a median income that is lower than the median home value suggests a fluid market where affordability is a key concern for many residents. As such, landlords and small-portfolio investors should consider the potential benefits of accepting Section 8 vouchers, including steady rental income and access to a segment of the market that might otherwise struggle to find housing. However, they must also be prepared for the administrative requirements associated with participating in the Section 8 program.
Data Sources: FMR data from HUD (2027). 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.