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 |
$980 is the Fair Market Rent (FMR) for ZIP 52809 in Davenport, IA, for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors as it sets the benchmark for rental properties participating in the Section 8 program.
N/A is the current market rent for the area, indicating a lack of recent data. However, the FMR serves as a reliable indicator until updated market rent figures become available.
N/A is also the median home value in ZIP 52809, suggesting that there is limited information on home values. Landlords should consider other metrics such as rental demand and vacancy rates to assess property values.
N/A% represents the share of renters in the area, which is important for understanding the demand for rental properties. A higher percentage of renters typically indicates a stronger market for rental investments.
N/A is the median income for ZIP 52809, which is essential for evaluating the financial capacity of potential tenants. Higher median incomes often correlate with lower default risks.
N/A-day DOM (Days on Market) reflects the average time it takes for a rental listing to be occupied. A shorter DOM suggests a robust rental market, beneficial for landlords looking to minimize vacancy periods.
N/A% is the share of properties that have had their prices cut. This metric is indicative of the overall health of the real estate market. A low percentage implies stable pricing, whereas a high percentage might signal a need for competitive pricing strategies.
In summary, while some key metrics such as median home value and median income are currently unavailable, the $980 FMR provides a solid basis for Section 8 participation. The absence of recent market rent data and the unknown DOM and price-cut share percentages highlight the need for further research into local rental trends. Based on the available data, ZIP 52809 remains a viable investment opportunity for those considering Section 8 properties.
Data Sources: FMR data from HUD (2027).
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.