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Warren County/Saint Charles/50240

50240

ZIPSAFMR
Warren County, IA
Zillow

ZIP Investment Score

38Below average

095130300
BRFMR
Eff. Rent
0 BR$880$880
1 BR$920$920
2 BR$1,090$1,090
3 BR$1,490$1,490
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
$100,057

Cost breakdown

+Likely effective rent$1,090
HUD FMRUsed$1,090
Market rentN/A
Est. payment standardN/A
-Principal and interest-$506
Loan amount$80,046
Down payment$20,011
Rate6.50%
Term30 years
-Operating costs-$384
Property taxes-$100
Insurance-$175
Utilities$0
HOA$0
Management-$109
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,761(88.8% ROI)
Projected value
$107,751
Return breakdown
Property appreciation+$7,693
Loan principal paid down+$2,868
Rental cash flow+$7,200
5-year hold
+$30,262(151.2% ROI)
Projected value
$113,205
Return breakdown
Property appreciation+$13,148
Loan principal paid down+$5,114
Rental cash flow+$12,000
10-year hold
+$64,210(320.9% ROI)
Projected value
$128,081
Return breakdown
Property appreciation+$28,024
Loan principal paid down+$12,186
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 50240 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50240 (Saint Charles, IA) is $1,090 a month. That is up 2.8% from $1,060 in FY 2026. Saint Charles 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 23 ZIP codes in Warren County, 50240 is tied for the 17th-highest two-bedroom rent (county range $950–$1,680). The median county two-bedroom FMR in Iowa is $927, so ZIP 50240 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50240
BedroomsFY 2027Change90–110% range
Studio$880+2.3%$792–$968
1BR$920+3.4%$828–$1,012
2BR$1,090+2.8%$981–$1,199
3BR$1,490+3.5%$1,341–$1,639
4BR$1,520+2.7%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50240
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$920$1,090$1,490$1,520
FY 2026$860$890$1,060$1,440$1,480
FY 2025$780$840$1,000$1,340$1,350
FY 2024$720$810$970$1,330$1,350
FY 2023$730$820$990$1,360$1,380

Two-bedroom rent in nearby Warren County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50240
50160$1,020−6.4%
50166$1,120+2.8%
50210$1,280+17.4%
50211$1,290+18.3%
50213$950−12.8%
50225$950−12.8%
50229$1,190+9.2%
50240Current$1,090—
50241$1,250+14.7%
50252$1,050−3.7%
50257$1,020−6.4%
50265$1,320+21.1%

Questions about ZIP 50240 rents

How much will Section 8 pay for a two-bedroom in ZIP 50240?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,090, that basic range is $981 to $1,199 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 50240 in?

ZIP 50240 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 50240 for FY 2027?

The two-bedroom FMR rose 2.8%, from $1,060 in FY 2026 to $1,090 in FY 2027. Since FY 2023 it has risen 10.1%.

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