Location: Des Moines-West Des Moines, IA | Metro: Des Moines-West Des Moines, IA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
The ZIP code 50302, located in Des Moines-West Des Moines County, stands out due to its unique data characteristics. However, it's important to note that specific figures such as resident count, percentage of renters, median income, and median home value are currently unavailable, making a detailed analysis challenging.
Despite the lack of comprehensive demographic data, the voucher economics in ZIP 50302 provide a clearer picture. The Fair Market Rent (FMR) for the area, set at $1070 for fiscal year 2024, serves as a benchmark for rental costs. This figure is crucial for landlords and small-portfolio investors as it directly influences the amount of rental assistance available through the Section 8 program. While the market rent data is also missing, the FMR can be used as a proxy to gauge the affordability of housing units in this ZIP code.
The stability or transitional nature of the ZIP code cannot be definitively assessed without complete data. However, the presence of a defined FMR suggests a level of established rental market standards, which is typically indicative of a stable environment. Landlords should monitor local rental trends closely to determine if the ZIP code is experiencing any shifts that could affect long-term investment strategies.
To conclude, while ZIP 50302 lacks detailed demographic information, the Section 8 voucher system offers a predictable economic framework. With an FMR of $1070, landlords can anticipate consistent rental support for eligible tenants. The absence of fluctuating market rent data points towards a stable ZIP code, but further investigation into local real estate trends is recommended to confirm this assessment.
Data Sources: FMR data from HUD (2027).
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.