Location: Clinton County, IA | Metro: Clinton County, IA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
ZIP code 52771 is a renter-heavy area with 40.0% of its population renting their homes. This indicates a significant portion of the residents are likely to be interested in rental properties that accept Section 8 vouchers. The deep voucher demand in this area makes it attractive for landlords who want to tap into a stable source of tenants.
The median household income for ZIP 52771 is not available, which complicates a direct comparison to the Fair Market Rent (FMR) of $940 for the fiscal year 2026 in the metro area. However, without specific income data, we can infer that the rental market here is likely to cater to low-income households given the FMR figure.
Typical market rents in ZIP 52771 are also not specified, but using the FMR as a proxy, we can estimate that the average rent would not exceed $940. For context, if the median household income were similar to the FMR, then the typical rent would consume approximately 30% of the local income. This percentage is based on the general rule that housing costs should not exceed 30% of an individual's income for affordability.
The FMR of $940 suggests that the rental market in ZIP 52771 is aligned with federal standards for affordable housing. Landlords should expect tenants who rely on Section 8 vouchers to have a total income that allows them to contribute 30% of their income towards rent. This means that the combined voucher amount and tenant contribution should cover the rent up to the FMR level.
In summary, ZIP 52771 presents itself as a market with strong demand for rental properties that accept Section 8 vouchers. Landlords here should anticipate tenants who are financially reliant on government assistance to meet their housing needs, ensuring that rents do not exceed the federally determined FMR to remain eligible for voucher use.
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.