Location: Davenport-Moline-Rock Island, IA | Metro: Davenport-Moline-Rock Island, IA-IL MSA
| 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 |
U.S. Census Bureau data (2024)
Incorporating ZIP 61465 into a Section 8 portfolio strategy presents an opportunity to focus on cash flow rather than appreciation. The Fair Market Rent (FMR) for ZIP 61465 in fiscal year 2024 is set at $860, which stands in stark contrast to the median home value of $152,658 and the market rent of $447. This significant spread—$413 between the FMR and market rent—indicates a robust demand for subsidized rental housing.
The renter share of 9.7% suggests a relatively stable tenant pool, with a median income of $56,875 ensuring that many residents qualify for Section 8 assistance. This makes ZIP 61465 a solid choice for landlords and small-portfolio investors looking to secure steady cash flow through government-backed rental subsidies.
While appreciation plays might offer long-term gains, the lack of recent data on price-cut shares and days on market (DOM) indicates that ZIP 61465 is not currently experiencing rapid price increases. Instead, the area offers a reliable income stream with minimal risk of vacancy, making it an ideal anchor for a diversified real estate investment portfolio.
The lower median home value and median household income compared to the national average further support the cash-flow anchor strategy. With a median value of owner-occupied housing units at $182,100, properties in ZIP 61465 remain affordable, reducing the likelihood of sudden price drops due to economic shifts. Additionally, the majority of housing units are single-family structures, which align well with the Section 8 program.
Investors should note the high percentage of owner-occupied units (71%), indicating a strong local market presence for homeownership. However, the significant portion of units that are renter-occupied (29%) ensures a consistent demand for rental properties, particularly those that can benefit from Section 8 assistance.
Given these factors, ZIP 61465 serves as a dependable cash-flow anchor within a Section 8 portfolio strategy, offering predictable returns and a stable tenant base.
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.