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Story County/Nevada/50201

50201

ZIPSAFMR
Story County, IA
Zillow

ZIP Investment Score

56Below average

095130300
BRFMR
Eff. Rent
0 BR$880$720
1 BR$930$800
2 BR$1,040$860
3 BR$1,450$1,240
4 BR$1,750$1,280
5 BR$2,012Not available
6 BR$2,314Not available
7 BR$2,662Not available
8 BR$3,061Not available

Purchase Price Calculator

Maximum purchase price
$65,879

Cost breakdown

+Likely effective rent$860
HUD FMR$1,040
Market rentUsed$860
Est. payment standard (90%)$940
-Principal and interest-$333
Loan amount$52,703
Down payment$13,176
Rate6.50%
Term30 years
-Operating costs-$327
Property taxes-$66
Insurance-$175
Utilities$0
HOA$0
Management-$86
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,154(107.4% ROI)
Projected value
$70,945
Return breakdown
Property appreciation+$5,065
Loan principal paid down+$1,888
Rental cash flow+$7,200
5-year hold
+$24,024(182.3% ROI)
Projected value
$74,536
Return breakdown
Property appreciation+$8,657
Loan principal paid down+$3,367
Rental cash flow+$12,000
10-year hold
+$50,475(383.1% ROI)
Projected value
$84,331
Return breakdown
Property appreciation+$18,452
Loan principal paid down+$8,023
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.22
1 BR
1.16
2 BR
1.21
3 BR
1.17
4 BR
1.37
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 50201 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50201 (Nevada, IA) is $1,040 a month. That is up 4.0% from $1,000 in FY 2026. Nevada 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, 50201 is tied for the 10th-highest two-bedroom rent (county range $930–$1,350). The median county two-bedroom FMR in Iowa is $927, so ZIP 50201 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50201
BedroomsFY 2027Change90–110% range
Studio$880+4.8%$792–$968
1BR$930+4.5%$837–$1,023
2BR$1,040+4.0%$936–$1,144
3BR$1,450+4.3%$1,305–$1,595
4BR$1,750+4.2%$1,575–$1,925

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50201
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$930$1,040$1,450$1,750
FY 2026$840$890$1,000$1,390$1,680
FY 2025$770$830$930$1,320$1,580
FY 2024$720$780$890$1,260$1,510
FY 2023$710$720$850$1,210$1,430

Two-bedroom rent in nearby Story County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50201
50154$1,0400.0%
50156$990−4.8%
50161$1,000−3.8%
50201Current$1,040—
50206$1,0400.0%
50226$930−10.6%
50230$1,0400.0%
50236$1,120+7.7%
50239$1,0400.0%
50243$1,300+25.0%
50244$930−10.6%
50247$1,0400.0%

Questions about ZIP 50201 rents

How much will Section 8 pay for a two-bedroom in ZIP 50201?

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 $1,040 it would be $936 to $1,144. 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 50201 in?

ZIP 50201 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 50201 for FY 2027?

The two-bedroom FMR rose 4.0%, from $1,000 in FY 2026 to $1,040 in FY 2027. Since FY 2023 it has risen 22.4%.

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