Section 8 Fair Market Rent (FMR) for ZIP 50391 - 2027

Location: Des Moines-West Des Moines, IA | Metro: Des Moines-West Des Moines, IA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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 classification of ZIP code 50391 in Unknown, Iowa, hinges largely on the available data points for fiscal year 2024. With the Fair Market Rent (FMR) at $1070, we can start to assess the potential yield and stability of this area.

First, let's address the yield. The FMR of $1070 suggests that landlords can expect to charge rent at or around this figure to remain competitive and cover costs. However, without specific market rent data or median home values, it's challenging to determine if the yield is above average or represents a premium. This implies that while there is a clear rental price benchmark, the exact comparative advantage in terms of yield cannot be fully assessed.

Moving onto stability, the lack of percentage of renters, days on market (DOM), and median household income data means that we cannot provide a comprehensive analysis of the stability of this market. Stability is crucial for small-portfolio investors who seek consistent cash flow and minimal vacancy periods. Without these key metrics, understanding the risk of tenant turnover and the economic health of the residents is impossible.

Given the incomplete dataset, ZIP 50391 cannot be definitively classified as either a high-yield/low-stability flip-style market or a steady-cashflow zone. The presence of FMR data indicates some level of government support through housing assistance programs, which could stabilize rental income. However, the absence of other critical indicators such as market rents, home values, and local economic conditions prevents a thorough evaluation of the overall market dynamics.

To make an informed decision, further investigation into the local rental market trends, property values, and the economic situation of residents would be necessary. Landlords and investors should consider these missing pieces before making investment decisions in ZIP 50391.

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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.