Location: Des Moines-West Des Moines, IA | Metro: Des Moines-West Des Moines, IA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The rent math for ZIP 50218 within the Des Moines-West Des Moines, IA HUD Metro FMR Area does not provide a clear picture due to missing market rent data. However, the Fair Market Rent (FMR) set at $1050 for fiscal year 2024 serves as a benchmark for rental pricing in subsidized housing programs.
Regarding acquisition affordability, the analysis is hindered by the lack of specific data on median home values, days on market (DOM), and the percentage of homes that have been price-cut. Without these figures, it's challenging to determine if purchasing properties in ZIP 50218 aligns with the financial goals of landlords and small-portfolio investors.
Tenant demand in ZIP 50218 is moderate. The area has a total population of 346, with 11.1% being renters. This suggests that while the number of potential tenants is limited, there is still a consistent need for rental properties.
Verdict: The viability of investing in ZIP 50218 hinges on the availability of accurate market data. With an FMR of $1050, landlords can ensure their rental properties meet the subsidy requirements, but without specific market rent, median home value, DOM, and price-cut percentage data, making informed decisions about property acquisitions remains difficult. The modest tenant demand indicates a niche market, suitable for targeted investments aimed at serving the local renter base. Landlords should seek additional localized data to fully assess the investment potential in this ZIP code.
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.