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Polk County/Des Moines/50312

50312

ZIPSAFMR
Polk County, IA
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,020$850
1 BR$1,060$1,170
2 BR$1,260$1,330
3 BR$1,720$1,730
4 BR$1,760$1,880
5 BR$2,024Not available
6 BR$2,328Not available
7 BR$2,677Not available
8 BR$3,078Not available

Purchase Price Calculator

Maximum purchase price
$135,721

Cost breakdown

+Likely effective rent$1,330
HUD FMR$1,260
Market rent$1,360
Est. payment standard (105%)Used$1,330
-Principal and interest-$686
Loan amount$108,577
Down payment$27,144
Rate6.50%
Term30 years
-Operating costs-$444
Property taxes-$136
Insurance-$175
Utilities$0
HOA$0
Management-$133
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,526(79.3% ROI)
Projected value
$146,157
Return breakdown
Property appreciation+$10,436
Loan principal paid down+$3,890
Rental cash flow+$7,200
5-year hold
+$36,772(135.5% ROI)
Projected value
$153,556
Return breakdown
Property appreciation+$17,835
Loan principal paid down+$6,937
Rental cash flow+$12,000
10-year hold
+$78,543(289.4% ROI)
Projected value
$173,734
Return breakdown
Property appreciation+$38,013
Loan principal paid down+$16,530
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.20
1 BR
0.86
2 BR
0.93
3 BR
0.99
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 50312 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50312 (Des Moines, IA) is $1,260 a month. That is up 0.8% from $1,250 in FY 2026. Des Moines 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 55 ZIP codes in Polk County, 50312 is tied for the 39th-highest two-bedroom rent (county range $930–$1,790). The median county two-bedroom FMR in Iowa is $927, so ZIP 50312 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50312
BedroomsFY 2027Change90–110% range
Studio$1,020+1.0%$918–$1,122
1BR$1,060+1.0%$954–$1,166
2BR$1,260+0.8%$1,134–$1,386
3BR$1,720+1.2%$1,548–$1,892
4BR$1,760+0.6%$1,584–$1,936

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50312
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,060$1,260$1,720$1,760
FY 2026$1,010$1,050$1,250$1,700$1,750
FY 2025$910$970$1,160$1,560$1,560
FY 2024$790$860$1,030$1,410$1,410
FY 2023$730$820$990$1,360$1,380

Two-bedroom rent in nearby Polk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50312
50305$1,340+6.3%
50309$1,430+13.5%
50310$1,270+0.8%
50311$1,200−4.8%
50312Current$1,260—
50313$1,290+2.4%
50314$1,160−7.9%
50315$1,290+2.4%
50316$1,180−6.3%
50317$1,2600.0%
50318$1,340+6.3%
50319$1,340+6.3%

Questions about ZIP 50312 rents

How much will Section 8 pay for a two-bedroom in ZIP 50312?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,260, that basic range is $1,134 to $1,386 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 50312 in?

ZIP 50312 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 50312 for FY 2027?

The two-bedroom FMR rose 0.8%, from $1,250 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 27.3%.

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