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IA/Polk County/Berwick

Berwick, IA

CitySAFMR
Polk County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,160$1,000
1 BR$1,200$1,180
2 BR$1,430$1,320
3 BR$1,950$1,870
4 BR$1,990$2,150
5 BR$2,289Not available
6 BR$2,632Not available
7 BR$3,027Not available
8 BR$3,481Not available

Purchase Price Calculator

Maximum purchase price
$134,235

Cost breakdown

+Likely effective rent$1,320
HUD FMR$1,430
Market rentUsed$1,320
Est. payment standard (95%)$1,360
-Principal and interest-$679
Loan amount$107,388
Down payment$26,847
Rate6.50%
Term30 years
-Operating costs-$441
Property taxes-$134
Insurance-$175
Utilities$0
HOA$0
Management-$132
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,369(79.6% ROI)
Projected value
$144,556
Return breakdown
Property appreciation+$10,321
Loan principal paid down+$3,847
Rental cash flow+$7,200
5-year hold
+$36,501(136.0% ROI)
Projected value
$151,875
Return breakdown
Property appreciation+$17,640
Loan principal paid down+$6,861
Rental cash flow+$12,000
10-year hold
+$77,946(290.3% ROI)
Projected value
$171,832
Return breakdown
Property appreciation+$37,597
Loan principal paid down+$16,349
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.16
1 BR
1.02
2 BR
1.08
3 BR
1.04
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Berwick, IA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Berwick, IA is $1,430 a month. That is up 2.9% from $1,390 in FY 2026. Berwick is in the Des Moines-West Des Moines, IA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Iowa is $927, so Berwick is 54% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Berwick, IA
BedroomsFY 2027Change90–110% range
Studio$1,160+3.6%$1,044–$1,276
1BR$1,200+2.6%$1,080–$1,320
2BR$1,430+2.9%$1,287–$1,573
3BR$1,950+3.2%$1,755–$2,145
4BR$1,990+2.6%$1,791–$2,189

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Berwick, IA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,200$1,430$1,950$1,990
FY 2026$1,120$1,170$1,390$1,890$1,940
FY 2025$1,000$1,070$1,280$1,720$1,720
FY 2024$890$970$1,160$1,580$1,590
FY 2023$860$970$1,170$1,600$1,630

Questions about Berwick, IA rents

How much will Section 8 pay for a two-bedroom in Berwick, IA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,430, that basic range is $1,287 to $1,573 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Berwick, IA in?

Berwick, IA is in the Des Moines-West Des Moines, IA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Berwick, IA for FY 2027?

The two-bedroom FMR rose 2.9%, from $1,390 in FY 2026 to $1,430 in FY 2027. Since FY 2023 it has risen 22.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set