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Dallas County/Dexter/50070

50070

ZIPSAFMR
Dallas County, IA
Zillow

ZIP Investment Score

62Below average

095130300
BRFMR
Eff. Rent
0 BR$880$880
1 BR$910$910
2 BR$1,080$1,080
3 BR$1,470$1,470
4 BR$1,520$1,520
5 BR$1,748Not available
6 BR$2,010Not available
7 BR$2,312Not available
8 BR$2,658Not available

Purchase Price Calculator

Maximum purchase price
$98,571

Cost breakdown

+Likely effective rent$1,080
HUD FMRUsed$1,080
Market rentN/A
Est. payment standardN/A
-Principal and interest-$498
Loan amount$78,857
Down payment$19,714
Rate6.50%
Term30 years
-Operating costs-$382
Property taxes-$99
Insurance-$175
Utilities$0
HOA$0
Management-$108
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,604(89.3% ROI)
Projected value
$106,150
Return breakdown
Property appreciation+$7,579
Loan principal paid down+$2,825
Rental cash flow+$7,200
5-year hold
+$29,991(152.1% ROI)
Projected value
$111,524
Return breakdown
Property appreciation+$12,953
Loan principal paid down+$5,038
Rental cash flow+$12,000
10-year hold
+$63,613(322.7% ROI)
Projected value
$126,179
Return breakdown
Property appreciation+$27,608
Loan principal paid down+$12,005
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 50070 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50070 (Dexter, IA) is $1,080 a month. That is down 10.0% from $1,200 in FY 2026. Dexter 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. Among 26 ZIP codes in Dallas County, 50070 has the 22nd-highest two-bedroom rent (county range $930–$1,790). The median county two-bedroom FMR in Iowa is $927, so ZIP 50070 is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50070
BedroomsFY 2027Change90–110% range
Studio$880−9.3%$792–$968
1BR$910−9.9%$819–$1,001
2BR$1,080−10.0%$972–$1,188
3BR$1,470−9.8%$1,323–$1,617
4BR$1,520−9.5%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50070
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$910$1,080$1,470$1,520
FY 2026$970$1,010$1,200$1,630$1,680
FY 2025$920$980$1,170$1,570$1,580
FY 2024$800$870$1,040$1,420$1,430
FY 2023$680$760$920$1,260$1,280

Two-bedroom rent in nearby Dallas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50070
50003$1,200+11.1%
50038$1,260+16.7%
50039$1,090+0.9%
50061$1,320+22.2%
50063$1,140+5.6%
50066$1,120+3.7%
50069$1,140+5.6%
50070Current$1,080—
50072$1,200+11.1%
50109$1,120+3.7%
50111$1,380+27.8%
50128$930−13.9%

Questions about ZIP 50070 rents

How much will Section 8 pay for a two-bedroom in ZIP 50070?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,080, that basic range is $972 to $1,188 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 ZIP 50070 in?

ZIP 50070 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 ZIP 50070 for FY 2027?

The two-bedroom FMR fell 10.0%, from $1,200 in FY 2026 to $1,080 in FY 2027. Since FY 2023 it has risen 17.4%.

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