Section 8 Fair Market Rent (FMR) for ZIP 50167 - 2027

Location: Des Moines-West Des Moines, IA | Metro: Des Moines-West Des Moines, IA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$930
2 Bedrooms	$1,100
3 Bedrooms	$1,500
4 Bedrooms	$1,540
5 Bedrooms	$1,786
6 Bedrooms	$2,000
7 Bedrooms	$2,160
8 Bedrooms	$2,268

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

592

Median Household Income

$70,167

Housing Units

306

Renter Percentage

15.8%

Occupancy Rate

90.8%

Renter Occupied

ZIP code 50167, located in central Iowa, is characterized by a stable housing market with modest rental demand and a relatively low cost of living compared to urban centers. The area offers opportunities for landlords and small-portfolio investors seeking steady, if not explosive, returns.

The Fair Market Rent (FMR) for ZIP 50167 in fiscal year 2024 is set at $970, providing a benchmark for rental pricing that landlords can use to ensure their properties remain competitive.
The average market rent, according to Census ACS data, is $925. This figure is slightly below the FMR, indicating a potential opportunity for landlords to increase rents without significantly deterring tenants.
The median home value in ZIP 50167 stands at $278,209, which is a reasonable investment point for those looking to purchase properties for long-term rental income.
Renters make up 15.8% of the total population, suggesting a moderate demand for rental properties and a balanced market between homeowners and renters.
The median income in the area is $70,167, which supports the rental rates and indicates that tenants should be able to afford the average market rent.
The Days on Market (DOM) data is currently unavailable, but given the stability of the housing market, it's likely that rental properties are occupied relatively quickly, minimizing vacancy periods.

Investors in ZIP 50167 can expect a consistent rental market with fair competition. With the FMR slightly above the market rent, there is room for price adjustments. The median home value suggests a reasonable entry point for property acquisition. Given the median income level, tenants should have the financial capability to meet rental obligations, supporting a stable occupancy rate. Although specific DOM data is not available, the area’s characteristics imply quick turnover, beneficial for reducing vacancy costs. Overall, ZIP 50167 presents a solid, though not high-growth, investment opportunity for those looking to diversify their portfolios with low-risk, steady-income generating assets.

Data Sources: FMR data from HUD (2027). 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.