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Housing market/Iowa/ZIP 51555

ACS 2023 · FY2027 SAFMR

ZIP 51555 Missouri Valley, Iowa

Omaha-Council Bluffs, NE-IA HUD Metro FMR Area · Iowa. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
4,881
Households
2,106
Median HH income
$77,292
Renter share
24.1%
Median gross rent
$761
Vacancy
9.9%
Pop. change
-0.1%
2BR SAFMR
$1,050
SAFMR / rent
1.380×
2–49 unit stock
197
LIHTC proj / units
1 / 2
HUD assisted MF
1 / 21

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 51555 · IA — sent to you.

ZIP 51555 · IA

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ACS rent vs 2BR SAFMR

ZIP 51555 — Missouri Valley, IA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$761
2BR SAFMR$1,050
90% floor$945
110% ceiling$1,155

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 51555

  • 1-unit detached1,82278.5%
  • 1-unit attached431.9%
  • 2–4 units1396.0%
  • 5–49 units582.5%
  • 50+ units552.4%
  • Mobile2038.8%
TypeUnitsShare
1-unit detached1,82278.0%
1-unit attached431.8%
2 units (duplex)582.5%
3–4 units813.5%
5–9 units160.7%
10–19 units00.0%
20–49 units421.8%
50+ units552.4%
Mobile2038.7%

2–4 unit share 5.9% · 5–49 unit share 2.5% · combined 2–49 8.4%.

Units by bedrooms

Studio
17
1BR
259
2BR
636
3BR
805
4BR
458
5+
162

Rent burden

Rent ≥30% of income31.0%
Rent ≥50% of income18.3%
  • ACS median gross rent $761 (all bedrooms, occupied rentals).
  • Median contract rent $616.
  • Renters paying ≥30% of income 31.0%; ≥50% 18.3%.
  • FY2027 2BR SAFMR $1,050 (1.380× ACS median gross rent).

Population

4,881 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -0.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 2 units.
  • HUD project-based assisted MF: 1 properties, 21 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 12 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 51555 24.1% of occupied households are renters; vacancy is 9.9%; ACS median gross rent is $761; population changed -0.1% between the 2018 and 2023 ACS vintages; the housing stock includes 139 units in 2–4-unit structures and 58 units in 5–49-unit structures; 1 LIHTC projects totaling 2 units; FY2027 2BR SAFMR is $1,050 versus ACS median gross rent of $761. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Iowa research

ZIP 51555 is a Census / HUD profile for Omaha-Council Bluffs, NE-IA, IA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 51555 — Missouri Valley, IA HUD Section 8 Payment Standards / SAFMR·Iowa ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
51501Omaha-Council Bluffs, NE-IA HUD Metro FMR Area33.8%$997$1,31051503Omaha-Council Bluffs, NE-IA HUD Metro FMR Area32.0%$964$1,23051510Omaha-Council Bluffs, NE-IA HUD Metro FMR Area15.7%$1,115$1,46051525Omaha-Council Bluffs, NE-IA HUD Metro FMR Area18.4%$696$1,01051526Omaha-Council Bluffs, NE-IA HUD Metro FMR Area9.5%$593$1,23051534Omaha-Council Bluffs, NE-IA HUD Metro FMR Area16.8%$838$1,09051536Omaha-Council Bluffs, NE-IA HUD Metro FMR Area10.5%$794$1,06051540Omaha-Council Bluffs, NE-IA HUD Metro FMR Area12.5%—$1,16051542Omaha-Council Bluffs, NE-IA HUD Metro FMR Area5.0%—$1,09051546Omaha-Council Bluffs, NE-IA HUD Metro FMR Area19.6%$847$1,09051548Omaha-Council Bluffs, NE-IA HUD Metro FMR Area2.4%—$1,20051550Omaha-Council Bluffs, NE-IA HUD Metro FMR Area9.2%—$1,070

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Iowa research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 51555?

ZIP 51555 (Omaha-Council Bluffs, NE-IA HUD Metro FMR Area) has 4,881 residents, 2,106 households, a renter share of 24.1%, median household income of $77,292, and ACS 2023 median gross rent of $761. Vacancy is 9.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 51555?

ACS counts 58 units in 2-unit buildings, 81 in 3–4 unit buildings, 16 in 5–9, 0 in 10–19, and 42 in 20–49. Combined 2–49 unit stock is 197 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 51555?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,050. See the full schedule and 90–110% payment-standard band on the ZIP 51555 — Missouri Valley, IA HUD Section 8 Payment Standards / SAFMR.

Does this Iowa ZIP profile include Georgia listings?

No. ZIP 51555 is Census / HUD research for Omaha-Council Bluffs, NE-IA HUD Metro FMR Area. Jeff Crowe CRE does not list Iowa property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.