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 analysis of ZIP code 50380 within the Des Moines-West Des Moines, IA HUD Metro FMR Area highlights several critical factors for landlords and small-portfolio investors.
The Fair Market Rent (FMR) for ZIP 50380 in fiscal year 2024 is set at $1070. However, without specific data on the current market rent, it's challenging to definitively state whether the rent math works. Landlords should aim to align their rental prices closely with the FMR to ensure compliance with housing standards while maintaining profitability.
Regarding the affordability of acquisition, the lack of detailed information on the median home value, days on market (DOM), and the percentage of homes requiring price cuts hinders a precise assessment. Investors typically look for properties that are priced competitively and sell quickly, indicating strong demand and liquidity in the market.
Tenant demand can be gauged through the area's population and the percentage of renters. Unfortunately, the exact figures for these metrics are not available, making it difficult to quantify the potential tenant pool. A higher renter share usually signifies a robust market for rentals.
Verdict: While the Fair Market Rent provides a benchmark for rental pricing at $1070, the absence of specific data on market rents, median home values, days on market, price-cut shares, and demographic details limits a comprehensive analysis. To make informed decisions, landlords and investors should seek up-to-date local real estate market reports and census data. This will offer clearer insights into the financial viability of acquisitions and the strength of tenant demand in ZIP 50380.
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.