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Polk County/Des Moines/50313

50313

ZIPSAFMR
Polk County, IA
Zillow

ZIP Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$1,050$910
1 BR$1,090$1,180
2 BR$1,290$1,210
3 BR$1,760$1,560
4 BR$1,800$1,700
5 BR$2,070Not available
6 BR$2,380Not available
7 BR$2,738Not available
8 BR$3,148Not available

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMR$1,290
Market rentUsed$1,210
Est. payment standard (96%)$1,240
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
0.89
2 BR
1.07
3 BR
1.13
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 50313 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50313 (Des Moines, IA) is $1,290 a month. That is unchanged from 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, 50313 is tied for the 36th-highest two-bedroom rent (county range $930–$1,790). The median county two-bedroom FMR in Iowa is $927, so ZIP 50313 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50313
BedroomsFY 2027Change90–110% range
Studio$1,050+1.0%$945–$1,155
1BR$1,0900.0%$981–$1,199
2BR$1,2900.0%$1,161–$1,419
3BR$1,7600.0%$1,584–$1,936
4BR$1,8000.0%$1,620–$1,980

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50313
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,090$1,290$1,760$1,800
FY 2026$1,040$1,090$1,290$1,760$1,800
FY 2025$960$1,020$1,220$1,640$1,640
FY 2024$850$920$1,100$1,500$1,510
FY 2023$800$900$1,090$1,500$1,520

Two-bedroom rent in nearby Polk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50313
50309$1,430+10.9%
50310$1,270−1.6%
50311$1,200−7.0%
50312$1,260−2.3%
50313Current$1,290—
50314$1,160−10.1%
50315$1,2900.0%
50316$1,180−8.5%
50317$1,260−2.3%
50318$1,340+3.9%
50319$1,340+3.9%
50320$1,320+2.3%

Questions about ZIP 50313 rents

How much will Section 8 pay for a two-bedroom in ZIP 50313?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 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 50313 in?

ZIP 50313 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 50313 for FY 2027?

The two-bedroom FMR was unchanged at $1,290 in FY 2027. Since FY 2023 it has risen 18.3%.

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