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Guthrie County/Guthrie Center/50115

50115

ZIPSAFMR
Guthrie County, IA
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$790$790
1 BR$830$830
2 BR$980$980
3 BR$1,340$1,340
4 BR$1,370$1,370
5 BR$1,575Not available
6 BR$1,812Not available
7 BR$2,084Not available
8 BR$2,396Not available

Purchase Price Calculator

Maximum purchase price
$83,711

Cost breakdown

+Likely effective rent$980
HUD FMRUsed$980
Market rentN/A
Est. payment standardN/A
-Principal and interest-$423
Loan amount$66,969
Down payment$16,742
Rate6.50%
Term30 years
-Operating costs-$357
Property taxes-$84
Insurance-$175
Utilities$0
HOA$0
Management-$98
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,036(95.8% ROI)
Projected value
$90,148
Return breakdown
Property appreciation+$6,437
Loan principal paid down+$2,399
Rental cash flow+$7,200
5-year hold
+$27,279(162.9% ROI)
Projected value
$94,711
Return breakdown
Property appreciation+$11,000
Loan principal paid down+$4,279
Rental cash flow+$12,000
10-year hold
+$57,641(344.3% ROI)
Projected value
$107,157
Return breakdown
Property appreciation+$23,446
Loan principal paid down+$10,195
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 50115 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50115 (Guthrie Center, IA) is $980 a month. That is up 3.2% from $950 in FY 2026. Guthrie Center 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 18 ZIP codes in Guthrie County, 50115 has the 10th-highest two-bedroom rent (county range $930–$1,620). The median county two-bedroom FMR in Iowa is $927, so ZIP 50115 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50115
BedroomsFY 2027Change90–110% range
Studio$790+2.6%$711–$869
1BR$830+3.8%$747–$913
2BR$980+3.2%$882–$1,078
3BR$1,340+3.9%$1,206–$1,474
4BR$1,370+3.0%$1,233–$1,507

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50115
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$830$980$1,340$1,370
FY 2026$770$800$950$1,290$1,330
FY 2025$750$810$980$1,330$1,340
FY 2024$720$810$970$1,330$1,350
FY 2023$600$700$850$1,160$1,230

Two-bedroom rent in nearby Guthrie County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50115
50025$930−5.1%
50026$930−5.1%
50029$1,060+8.2%
50048$1,060+8.2%
50058$940−4.1%
50070$1,080+10.2%
50076$930−5.1%
50115Current$980—
50128$930−5.1%
50129$930−5.1%
50146$1,620+65.3%
50164$930−5.1%

Questions about ZIP 50115 rents

How much will Section 8 pay for a two-bedroom in ZIP 50115?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $980, that basic range is $882 to $1,078 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 50115 in?

ZIP 50115 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 50115 for FY 2027?

The two-bedroom FMR rose 3.2%, from $950 in FY 2026 to $980 in FY 2027. Since FY 2023 it has risen 15.3%.

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