Housing market/Iowa/ZIP 51601
ZIP 51601 Shenandoah, Page County, Iowa
Page County, IA · Iowa. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 51601 · IA — sent to you.
ZIP 51601 · IA
ACS rent vs 2BR SAFMR
ZIP 51601 — Shenandoah, IA HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 51601
- 1-unit detached2,13177.2%
- 1-unit attached110.4%
- 2–4 units28610.4%
- 5–49 units2569.3%
- 50+ units732.6%
- Mobile50.2%
2–4 unit share 10.4% · 5–49 unit share 9.3% · combined 2–49 19.6%.
Units by bedrooms
Rent burden
- ACS median gross rent $768 (all bedrooms, occupied rentals).
- Median contract rent $583.
- Renters paying ≥30% of income 47.2%; ≥50% 20.2%.
- FY2027 2BR SAFMR $960 (1.250× ACS median gross rent).
Population
5,562 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -1.8%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 48 units.
- HUD project-based assisted MF: 2 properties, 79 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 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 51601 38.7% of occupied households are renters; vacancy is 12.1%; ACS median gross rent is $768; population changed -1.8% between the 2018 and 2023 ACS vintages; the housing stock includes 286 units in 2–4-unit structures and 256 units in 5–49-unit structures; 1 LIHTC projects totaling 48 units; FY2027 2BR SAFMR is $960 versus ACS median gross rent of $768. 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 51601 is a Census / HUD profile for Page County, IA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 51601 — Shenandoah, IA HUD Section 8 Payment Standards / SAFMR·Iowa ZIP directory
Nearby ZIPs in this FMR area
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 51601?
ZIP 51601 (Page County, IA) has 5,562 residents, 2,429 households, a renter share of 38.7%, median household income of $59,647, and ACS 2023 median gross rent of $768. Vacancy is 12.1%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 51601?
ACS counts 87 units in 2-unit buildings, 199 in 3–4 unit buildings, 52 in 5–9, 12 in 10–19, and 192 in 20–49. Combined 2–49 unit stock is 542 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 51601?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $960. See the full schedule and 90–110% payment-standard band on the ZIP 51601 — Shenandoah, IA HUD Section 8 Payment Standards / SAFMR.
Does this Iowa ZIP profile include Georgia listings?
No. ZIP 51601 is Census / HUD research for Page County, IA. 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.