50319

ZIPSAFMR

Polk County, IA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,090	$930	9.5%
1 BR	$1,130	$1,100	8.3%
2 BR	$1,340	$1,170	7.8%
3 BR	$1,830	$1,460	7.8%
4 BR	$1,870	$1,810	8.4%
5 BR	$2,151	Not available	8.4%
6 BR	$2,473	Not available	8.4%
7 BR	$2,844	Not available	8.3%
8 BR	$3,271	Not available	8.4%

Purchase Price Calculator

Maximum purchase price

$111,945

Cost breakdown

+Likely effective rent$1,170

HUD FMR$1,340

Market rentUsed$1,170

Est. payment standard (92%)$1,230

-Principal and interest-$566

Loan amount$89,556

Down payment$22,389

Rate6.50%

Term30 years

-Operating costs-$404

Property taxes-$112

Insurance-$175

Utilities$0

HOA$0

Management-$117

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$19,016(84.9% ROI)

Projected value

$120,553

Return breakdown

Property appreciation+$8,608

Loan principal paid down+$3,209

Rental cash flow+$7,200

5-year hold

+$32,432(144.9% ROI)

Projected value

$126,656

Return breakdown

Property appreciation+$14,710

Loan principal paid down+$5,722

Rental cash flow+$12,000

10-year hold

+$68,988(308.1% ROI)

Projected value

$143,299

Return breakdown

Property appreciation+$31,354

Loan principal paid down+$13,634

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.17ratio

FMR$1,090

Market$930

vs market+$160

FMR is above market; underwrite to market rent.

1.17

1 BR

1.03ratio

FMR$1,130

Market$1,100

vs market+$30

FMR is near market; voucher and private rents are aligned.

1.03

2 BR

1.15ratio

FMR$1,340

Market$1,170

vs market+$170

FMR is above market; underwrite to market rent.

1.15

3 BR

1.25ratio

FMR$1,830

Market$1,460

vs market+$370

FMR is above market; underwrite to market rent.

1.25

4 BR

1.03ratio

FMR$1,870

Market$1,810

vs market+$60

FMR is near market; voucher and private rents are aligned.

1.03

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 50319 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50319 (Des Moines, IA) is $1,340 a month. That is up 3.1% from $1,300 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, 50319 is tied for the 16th-highest two-bedroom rent (county range $930–$1,790). The median county two-bedroom FMR in Iowa is $927, so ZIP 50319 is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50319
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,050	$1,090	+3.8%	$981–$1,199
1BR	$1,090	$1,130	+3.7%	$1,017–$1,243
2BR	$1,300	$1,340	+3.1%	$1,206–$1,474
3BR	$1,770	$1,830	+3.4%	$1,647–$2,013
4BR	$1,820	$1,870	+2.7%	$1,683–$2,057

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50319
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,090	$1,130	$1,340	$1,830	$1,870
FY 2026	$1,050	$1,090	$1,300	$1,770	$1,820
FY 2025	$940	$1,000	$1,200	$1,610	$1,620
FY 2024	$830	$890	$1,070	$1,460	$1,470
FY 2023	$790	$890	$1,070	$1,470	$1,490

Two-bedroom rent in nearby Polk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 50319
50313	$1,290	−3.7%
50314	$1,160	−13.4%
50315	$1,290	−3.7%
50316	$1,180	−11.9%
50317	$1,260	−6.0%
50318	$1,340	0.0%
50319Current	$1,340	—
50320	$1,320	−1.5%
50321	$1,330	−0.7%
50322	$1,400	+4.5%
50323	$1,790	+33.6%
50324	$1,610	+20.1%

Questions about ZIP 50319 rents

How much will Section 8 pay for a two-bedroom in ZIP 50319?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,340, that basic range is $1,206 to $1,474 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 50319 in?

ZIP 50319 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 50319 for FY 2027?

The two-bedroom FMR rose 3.1%, from $1,300 in FY 2026 to $1,340 in FY 2027. Since FY 2023 it has risen 25.2%.

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 rent Des Moines, IA fair market rent IA statewide rents What is SAFMR?Data sources