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Polk County/Des Moines/50314

50314

ZIPSAFMR
Polk County, IA
Zillow

ZIP Investment Score

117Above average

095130300
BRFMR
Eff. Rent
0 BR$940$890
1 BR$980$1,080
2 BR$1,160$1,130
3 BR$1,580$1,470
4 BR$1,620$1,730
5 BR$1,863Not available
6 BR$2,142Not available
7 BR$2,464Not available
8 BR$2,833Not available

Purchase Price Calculator

Maximum purchase price
$106,001

Cost breakdown

+Likely effective rent$1,130
HUD FMR$1,160
Market rentUsed$1,130
Est. payment standard (98%)$1,140
-Principal and interest-$536
Loan amount$84,801
Down payment$21,200
Rate6.50%
Term30 years
-Operating costs-$394
Property taxes-$106
Insurance-$175
Utilities$0
HOA$0
Management-$113
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,389(86.7% ROI)
Projected value
$114,152
Return breakdown
Property appreciation+$8,150
Loan principal paid down+$3,038
Rental cash flow+$7,200
5-year hold
+$31,347(147.9% ROI)
Projected value
$119,930
Return breakdown
Property appreciation+$13,929
Loan principal paid down+$5,418
Rental cash flow+$12,000
10-year hold
+$66,599(314.1% ROI)
Projected value
$135,690
Return breakdown
Property appreciation+$29,689
Loan principal paid down+$12,910
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.06
1 BR
0.83
2 BR
1.03
3 BR
1.07
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 50314 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50314 (Des Moines, IA) is $1,160 a month. That is up 1.8% from $1,140 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, 50314 is tied for the 44th-highest two-bedroom rent (county range $930–$1,790). The median county two-bedroom FMR in Iowa is $927, so ZIP 50314 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50314
BedroomsFY 2027Change90–110% range
Studio$940+2.2%$846–$1,034
1BR$980+2.1%$882–$1,078
2BR$1,160+1.8%$1,044–$1,276
3BR$1,580+1.9%$1,422–$1,738
4BR$1,620+1.9%$1,458–$1,782

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50314
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$940$980$1,160$1,580$1,620
FY 2026$920$960$1,140$1,550$1,590
FY 2025$830$890$1,060$1,420$1,430
FY 2024$730$810$970$1,330$1,350
FY 2023$700$790$950$1,300$1,330

Two-bedroom rent in nearby Polk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50314
50309$1,430+23.3%
50310$1,270+9.5%
50311$1,200+3.4%
50312$1,260+8.6%
50313$1,290+11.2%
50314Current$1,160—
50315$1,290+11.2%
50316$1,180+1.7%
50317$1,260+8.6%
50318$1,340+15.5%
50319$1,340+15.5%
50320$1,320+13.8%

Questions about ZIP 50314 rents

How much will Section 8 pay for a two-bedroom in ZIP 50314?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,160, that basic range is $1,044 to $1,276 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 50314 in?

ZIP 50314 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 50314 for FY 2027?

The two-bedroom FMR rose 1.8%, from $1,140 in FY 2026 to $1,160 in FY 2027. Since FY 2023 it has risen 22.1%.

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