Location: Marion County, 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 | $670 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $950 | $198,994 | 0.48% | F |
| 3BR | $1,140 | $289,324 | 0.39% | F |
| 4BR | $1,290 | $323,692 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 50225, located in Pleasantville, Iowa, stands out within Marion County due to its unique demographic and economic characteristics. With a population of 3,364 residents, 19.8% of whom rent their homes, it reflects a community where the majority of residents own property. The median household income in this area is $69,923, which is relatively high compared to other rural areas, indicating a prosperous local economy. The median home value of $266,177 further underscores the financial stability of the area, suggesting that homeownership is both attainable and valued.
When it comes to Section 8 housing, the data reveals an interesting dynamic. The Fair Market Rent (FMR) for ZIP 50225 in fiscal year 2024 is set at $970, whereas the average market rent based on Census American Community Survey data is $840. This means that landlords who accept Section 8 vouchers can potentially charge a higher rent than the market rate, making it a lucrative option for those looking to maximize their rental income. However, the gap between the FMR and the actual market rent should be considered when setting expectations, as it may impact the number of tenants willing to pay the higher voucher amount.
Based on the provided data, the ZIP 50225 appears to be a stable area. The median income and home values suggest a steady economic environment where residents can afford to live comfortably. The relatively low percentage of renters indicates a preference for homeownership, but the availability of Section 8 vouchers provides a valuable support system for those who cannot yet afford to buy a home. Landlords and small-portfolio investors should view this ZIP code as a reliable investment opportunity, especially if they are interested in participating in the Section 8 program to attract tenants who can afford the higher rents associated with vouchers.
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.