Section 8 Fair Market Rent (FMR) for ZIP 52773 - 2027

Location: Muscatine County, IA | Metro: Davenport-Moline-Rock Island, IA-IL MSA

Investment Score for ZIP 52773

F
Monthly Rent (2BR)
$1,030
Median Price (2BR)
$233,784
1% Rule
0.44%
Annual Yield
5.29%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$740
1 Bedroom$840
2 Bedrooms$1,030
3 Bedrooms$1,350
4 Bedrooms$1,640
5 Bedrooms$1,902
6 Bedrooms$2,130
7 Bedrooms$2,300
8 Bedrooms$2,415

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,030 $233,784 0.44% F
3BR $1,350 $282,647 0.48% F
4BR $1,640 $354,607 0.46% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
2,389
Median Household Income
$85,523
Housing Units
1,147
Renter Percentage
18.4%
Occupancy Rate
87.2%
Renter Occupied
184

The classification of ZIP 52773 (Walcott, IA) on the yield and stability axes reveals a unique investment scenario. On the yield axis, the Fair Market Rent (FMR) for 2024 is set at $860, which is notably higher than the local market rent of $797. This suggests a potential for above-average rental income in this area. However, when considering the median home value of $278,297, the yield appears relatively modest compared to other markets.

Moving to the stability axis, the data indicates that only 18.4% of the population are renters, which is a low percentage and implies less demand for rental properties. The lack of available data on days on market (DOM) makes it challenging to assess the speed at which properties can be rented out. Lastly, the average household income is reported at $85,523, which is a positive indicator for stability, as it suggests tenants have a reasonable ability to pay rent.

Based on these figures, ZIP 52773 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. While the FMR is slightly above the market rent, indicating a potential for higher returns, the low percentage of renters and the relatively high median home value suggest that the market is not particularly volatile. Additionally, the decent average income level supports the likelihood of stable tenancy and consistent cash flow.

To summarize, the investment opportunity in Walcott, IA, offers a balanced approach with moderate yield potential and a degree of stability due to the average income levels. Landlords and small-portfolio investors should consider these factors carefully before making investment decisions in this ZIP code.

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.