Skip to main content
Loading page
Polk County/Des Moines/50320

50320

ZIPSAFMR
Polk County, IA
Zillow

ZIP Investment Score

70Below average

095130300
BRFMR
Eff. Rent
0 BR$1,070$1,010
1 BR$1,110$1,160
2 BR$1,320$1,190
3 BR$1,800$1,630
4 BR$1,850$1,930
5 BR$2,128Not available
6 BR$2,447Not available
7 BR$2,814Not available
8 BR$3,236Not available

Purchase Price Calculator

Maximum purchase price
$114,917

Cost breakdown

+Likely effective rent$1,190
HUD FMR$1,320
Market rentUsed$1,190
Est. payment standard (94%)$1,240
-Principal and interest-$581
Loan amount$91,934
Down payment$22,983
Rate6.50%
Term30 years
-Operating costs-$409
Property taxes-$115
Insurance-$175
Utilities$0
HOA$0
Management-$119
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,330(84.1% ROI)
Projected value
$123,753
Return breakdown
Property appreciation+$8,836
Loan principal paid down+$3,294
Rental cash flow+$7,200
5-year hold
+$32,975(143.5% ROI)
Projected value
$130,018
Return breakdown
Property appreciation+$15,101
Loan principal paid down+$5,874
Rental cash flow+$12,000
10-year hold
+$70,182(305.4% ROI)
Projected value
$147,103
Return breakdown
Property appreciation+$32,186
Loan principal paid down+$13,996
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.06
1 BR
0.94
2 BR
1.11
3 BR
1.10
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 50320 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50320 (Des Moines, IA) is $1,320 a month. That is up 4.8% from $1,260 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, 50320 is tied for the 31st-highest two-bedroom rent (county range $930–$1,790). The median county two-bedroom FMR in Iowa is $927, so ZIP 50320 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50320
BedroomsFY 2027Change90–110% range
Studio$1,070+4.9%$963–$1,177
1BR$1,110+4.7%$999–$1,221
2BR$1,320+4.8%$1,188–$1,452
3BR$1,800+4.7%$1,620–$1,980
4BR$1,850+5.1%$1,665–$2,035

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50320
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,070$1,110$1,320$1,800$1,850
FY 2026$1,020$1,060$1,260$1,720$1,760
FY 2025$900$960$1,150$1,540$1,550
FY 2024$810$870$1,050$1,440$1,440
FY 2023$770$860$1,040$1,430$1,450

Two-bedroom rent in nearby Polk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50320
50314$1,160−12.1%
50315$1,290−2.3%
50316$1,180−10.6%
50317$1,260−4.5%
50318$1,340+1.5%
50319$1,340+1.5%
50320Current$1,320—
50321$1,330+0.8%
50322$1,400+6.1%
50323$1,790+35.6%
50324$1,610+22.0%
50325$1,310−0.8%

Questions about ZIP 50320 rents

How much will Section 8 pay for a two-bedroom in ZIP 50320?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,320, that basic range is $1,188 to $1,452 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 50320 in?

ZIP 50320 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 50320 for FY 2027?

The two-bedroom FMR rose 4.8%, from $1,260 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 26.9%.

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