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Story County/Ames/50014

50014

ZIPSAFMR
Story County, IA
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$1,010$810
1 BR$1,070$890
2 BR$1,210$1,170
3 BR$1,680$1,730
4 BR$2,010$2,040
5 BR$2,312Not available
6 BR$2,658Not available
7 BR$3,057Not available
8 BR$3,516Not available

Purchase Price Calculator

Maximum purchase price
$111,945

Cost breakdown

+Likely effective rent$1,170
HUD FMR$1,210
Market rentUsed$1,170
Est. payment standard (98%)$1,180
-Principal and interest-$566
Loan amount$89,556
Down payment$22,389
Rate6.50%
Term30 years
-Operating costs-$404
Property taxes-$112
Insurance-$175
Utilities$0
HOA$0
Management-$117
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,016(84.9% ROI)
Projected value
$120,553
Return breakdown
Property appreciation+$8,608
Loan principal paid down+$3,209
Rental cash flow+$7,200
5-year hold
+$32,432(144.9% ROI)
Projected value
$126,656
Return breakdown
Property appreciation+$14,710
Loan principal paid down+$5,722
Rental cash flow+$12,000
10-year hold
+$68,988(308.1% ROI)
Projected value
$143,299
Return breakdown
Property appreciation+$31,354
Loan principal paid down+$13,634
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.25
1 BR
1.20
2 BR
1.03
3 BR
0.95
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 50014 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50014 (Ames, IA) is $1,210 a month. That is down 7.6% from $1,310 in FY 2026. Ames is in the Ames, IA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,061. Among 26 ZIP codes in Story County, 50014 has the 3rd-highest two-bedroom rent (county range $930–$1,350). The median county two-bedroom FMR in Iowa is $927, so ZIP 50014 is 31% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50014
BedroomsFY 2027Change90–110% range
Studio$1,010−8.2%$909–$1,111
1BR$1,070−7.8%$963–$1,177
2BR$1,210−7.6%$1,089–$1,331
3BR$1,680−7.7%$1,512–$1,848
4BR$2,010−8.2%$1,809–$2,211

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50014
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,070$1,210$1,680$2,010
FY 2026$1,100$1,160$1,310$1,820$2,190
FY 2025$1,000$1,080$1,210$1,690$2,020
FY 2024$940$1,020$1,150$1,620$1,940
FY 2023$880$950$1,090$1,550$1,850

Two-bedroom rent in nearby Story County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50014
50010$1,080−10.7%
50011$1,060−12.4%
50012$1,180−2.5%
50013$1,200−0.8%
50014Current$1,210—
50046$1,160−4.1%
50055$1,040−14.0%
50056$1,040−14.0%
50105$1,040−14.0%
50122$1,040−14.0%
50124$1,350+11.6%
50134$1,040−14.0%

Questions about ZIP 50014 rents

How much will Section 8 pay for a two-bedroom in ZIP 50014?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,061, which applies unless the housing authority uses Small Area FMRs, that basic range is $955 to $1,167 a month; under the ZIP-level Small Area FMR of $1,210 it would be $1,089 to $1,331. 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 ZIP 50014 in?

ZIP 50014 is in the Ames, IA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,061.

How much did fair market rent change in ZIP 50014 for FY 2027?

The two-bedroom FMR fell 7.6%, from $1,310 in FY 2026 to $1,210 in FY 2027. Since FY 2023 it has risen 11.0%.

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

County fair market rentAmes, IA fair market rentIA statewide rentsWhat is SAFMR?Data sources