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Housing market/Iowa/ZIP 51559

ACS 2023 · FY2027 SAFMR

ZIP 51559 Neola, 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
1,896
Households
721
Median HH income
$74,116
Renter share
26.5%
Median gross rent
$980
Vacancy
6.1%
Pop. change
+11.4%
2BR SAFMR
$1,180
SAFMR / rent
1.204×
2–49 unit stock
53
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 51559 · IA — sent to you.

ZIP 51559 · IA

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ACS rent vs 2BR SAFMR

ZIP 51559 — Neola, IA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$980
2BR SAFMR$1,180
90% floor$1,062
110% ceiling$1,298

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

Housing stock

ACS 2023 units-in-structure · ZCTA 51559

  • 1-unit detached67888.3%
  • 1-unit attached233.0%
  • 2–4 units516.6%
  • 5–49 units20.3%
  • Mobile141.8%
TypeUnitsShare
1-unit detached67888.3%
1-unit attached233.0%
2 units (duplex)243.1%
3–4 units273.5%
5–9 units20.3%
10–19 units00.0%
20–49 units00.0%
50+ units00.0%
Mobile141.8%

2–4 unit share 6.6% · 5–49 unit share 0.3% · combined 2–49 6.9%.

Units by bedrooms

Studio
0
1BR
34
2BR
164
3BR
345
4BR
136
5+
89

Rent burden

Rent ≥30% of income25.1%
Rent ≥50% of income14.7%
  • ACS median gross rent $980 (all bedrooms, occupied rentals).
  • Median contract rent $698.
  • Renters paying ≥30% of income 25.1%; ≥50% 14.7%.
  • FY2027 2BR SAFMR $1,180 (1.204× ACS median gross rent).

Population

1,896 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +11.4%.

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

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 192 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 51559 26.5% of occupied households are renters; vacancy is 6.1%; ACS median gross rent is $980; population increased +11.4% between the 2018 and 2023 ACS vintages; the housing stock includes 51 units in 2–4-unit structures and 2 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,180 versus ACS median gross rent of $980. 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 51559 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 51559 — Neola, 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 51559?

ZIP 51559 (Omaha-Council Bluffs, NE-IA HUD Metro FMR Area) has 1,896 residents, 721 households, a renter share of 26.5%, median household income of $74,116, and ACS 2023 median gross rent of $980. Vacancy is 6.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 51559?

ACS counts 24 units in 2-unit buildings, 27 in 3–4 unit buildings, 2 in 5–9, 0 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 53 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 51559?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,180. See the full schedule and 90–110% payment-standard band on the ZIP 51559 — Neola, IA HUD Section 8 Payment Standards / SAFMR.

Does this Iowa ZIP profile include Georgia listings?

No. ZIP 51559 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.