Location: Des Moines-West Des Moines, IA | Metro: Des Moines-West Des Moines, IA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
U.S. Census Bureau data (2024)
The ZIP code 50322, located in Urbandale, IA, stands out within Polk County due to its unique demographic and economic characteristics. With a population of 31,931 residents, 27.2% of whom rent their homes, the area reflects a balanced mix of homeowners and renters. The median income of $92,085 places Urbandale firmly within the middle to upper-middle class bracket, while the median home value of $291,139 indicates a relatively stable housing market.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 50322 in fiscal year 2024 is set at $1,080. This figure is notably higher than the market rate, which is estimated at $1,002 (ZORI). Landlords and small-portfolio investors should take note of this discrepancy as it suggests that properties participating in the Section 8 program can command slightly higher rents compared to the market average, making the area attractive for those seeking a reliable rental income stream.
The data signature for Urbandale, IA, indicates a stable environment. The modest rental percentage combined with a healthy median income supports a steady demand for both rental and owned properties. Moreover, the slight premium for FMR over ZORI implies that the Section 8 program is well-supported and likely to continue attracting tenants who benefit from the subsidy, ensuring a consistent flow of rental income for property owners.
To summarize, Urbandale's ZIP 50322 offers a stable investment opportunity with a slight advantage in rental economics for Section 8 participants. The median income and home values suggest a robust local economy that can sustain rental rates and property values effectively.
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.