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Marion County/Knoxville/50138

50138

ZIPSAFMR
Marion County, IA
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$670$740
1 BR$780$860
2 BR$960$1,060
3 BR$1,140$1,190
4 BR$1,300$1,300
5 BR$1,495Not available
6 BR$1,719Not available
7 BR$1,977Not available
8 BR$2,274Not available

Purchase Price Calculator

Maximum purchase price
$95,599

Cost breakdown

+Likely effective rent$1,060
HUD FMR$960
Market rent$1,130
Est. payment standard (110%)Used$1,060
-Principal and interest-$483
Loan amount$76,479
Down payment$19,120
Rate6.50%
Term30 years
-Operating costs-$377
Property taxes-$96
Insurance-$175
Utilities$0
HOA$0
Management-$106
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,291(90.4% ROI)
Projected value
$102,950
Return breakdown
Property appreciation+$7,351
Loan principal paid down+$2,740
Rental cash flow+$7,200
5-year hold
+$29,449(154.0% ROI)
Projected value
$108,162
Return breakdown
Property appreciation+$12,563
Loan principal paid down+$4,886
Rental cash flow+$12,000
10-year hold
+$62,419(326.5% ROI)
Projected value
$122,375
Return breakdown
Property appreciation+$26,776
Loan principal paid down+$11,643
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.86
2 BR
0.85
3 BR
0.93
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 50138 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50138 (Knoxville, IA) is $960 a month. That is unchanged from FY 2026. Knoxville is in the Marion County, IA non-metropolitan 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 county-wide two-bedroom FMR of $1,021. Among 19 ZIP codes in Marion County, 50138 has the 8th-highest two-bedroom rent (county range $930–$1,190). The median county two-bedroom FMR in Iowa is $927, so ZIP 50138 is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50138
BedroomsFY 2027Change90–110% range
Studio$670+1.5%$603–$737
1BR$780+2.6%$702–$858
2BR$9600.0%$864–$1,056
3BR$1,140−0.9%$1,026–$1,254
4BR$1,300+1.6%$1,170–$1,430

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50138
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$670$780$960$1,140$1,300
FY 2026$660$760$960$1,150$1,280
FY 2025$640$740$940$1,130$1,250
FY 2024area FMR$638$737$941$1,138$1,253
FY 2023area FMR$571$665$854$1,039$1,147

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Marion County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50138
50057$950−1.0%
50062$930−3.1%
50116$930−3.1%
50119$1,090+13.5%
50138Current$960—
50139$1,180+22.9%
50143$930−3.1%
50150$930−3.1%
50163$930−3.1%
50170$930−3.1%
50214$1,030+7.3%
50219$1,190+24.0%

Questions about ZIP 50138 rents

How much will Section 8 pay for a two-bedroom in ZIP 50138?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,021, which applies unless the housing authority uses Small Area FMRs, that basic range is $919 to $1,123 a month; under the ZIP-level Small Area FMR of $960 it would be $864 to $1,056. 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 50138 in?

ZIP 50138 is in the Marion County, IA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,021.

How much did fair market rent change in ZIP 50138 for FY 2027?

The two-bedroom FMR was unchanged at $960 in FY 2027. Since FY 2025 it has risen 2.1%.

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