Location: Des Moines-West Des Moines, IA | Metro: Des Moines-West Des Moines, IA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,560 | $252,888 | 0.62% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 50069 reveals a market that offers moderate yields but lacks significant stability, making it neither a prime candidate for high-risk, high-reward flipping nor an ideal steady-cashflow zone. The Fair Market Rent (FMR) for the area is set at $970 for fiscal year 2024, which is notably lower than the market rent of $1,089. This indicates a potential opportunity for rental income above the federally subsidized rate, although the gap is modest.
The median home value in ZIP 50069 stands at $260,873, suggesting a middle-tier property investment market. With a median household income of $98,056, the area reflects a moderate economic base, capable of supporting rental prices but not without risk. The percentage of renters in the area is relatively low at 14.4%, which implies that the demand for rental properties might be limited. Additionally, the lack of data on days on market (DOM) further complicates the assessment of property turnover rates and the ease of finding tenants.
To conclude, ZIP 50069 presents a scenario where the yield is decent but not exceptional, given the FMR and market rent figures. However, the stability is compromised due to the low renter population and insufficient data on DOM. Landlords and small-portfolio investors should approach this market with caution, considering the balance between potential returns and the risks associated with tenant availability and economic conditions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.