Location: Davenport-Moline-Rock Island, IA | Metro: Davenport-Moline-Rock Island, IA-IL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
ZIP code 52801 is located within the Davenport-Moline-Rock Island, IA-IL Metropolitan Statistical Area (MSA). Its Fair Market Rent (FMR) for fiscal year 2024 is set at $940, while the average market rent stands at $1,086. The lack of available home value data suggests that this ZIP is predominantly a rental market, which aligns with its reported 100% renter share.
Comparing these figures to typical ZIP codes within the same MSA, it's evident that 52801 presents itself as a value pocket. The FMR being lower than the market rent indicates that rental properties here can attract both subsidized and non-subsidized tenants, making it an attractive area for landlords participating in the Section 8 program. The complete reliance on rentals (100% renter share) further supports this conclusion, as it implies a strong demand for affordable housing options that may be met through government assistance programs.
In the context of the Davenport-Moline-Rock Island MSA, ZIP 52801 stands out due to its alignment with the needs of low-income renters who benefit from Section 8 subsidies. Landlords in this area can expect steady occupancy rates and a mix of income sources, including both market-rate and Section 8 rents. This makes it a strategic location for those looking to diversify their rental portfolio or focus specifically on affordable housing opportunities.
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.