FY2027 Small Area FMR · Ankeny, IA

ZIP 50023 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50023 (Ankeny, IA) is $1,460 a month, up 1.4% from FY2026. That is 7% above the Des Moines-West Des Moines, IA area-wide FMR of $1,360.

2-bedroom SAFMR$1,460per month ▲ 1.4%

Area-wide 2 BR FMR$1,360Des Moines-West Des Moines,

Rank in the area10thof 111 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,314

2 BR Small Area FMR$1,460

110% of SAFMR$1,606

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,180▲ 1.7%

1 BR$1,230▲ 1.7%

2 BR$1,460▲ 1.4%

3 BR$1,990▲ 1.5%

4 BR$2,040▲ 1.5%

FY2027 FY2026

Where 50023 sits in the Des Moines-West Des Moines, IA area

Of the 111 ZIP codes HUD lists for the area, 50023 has the 10th highest two-bedroom Small Area FMR. Des Moines-West Des Moines, IA is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,314 and $1,606 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,180	$1,062 – $1,298	$1,102	$1,160
1 bedroom	$1,230	$1,107 – $1,353	$1,145	$1,210
2 bedrooms	$1,460	$1,314 – $1,606	$1,360	$1,440
3 bedrooms	$1,990	$1,791 – $2,189	$1,856	$1,960
4 bedrooms	$2,040	$1,836 – $2,244	$1,901	$2,010

A household renting a two-bedroom home at the Small Area FMR of $1,460 needs about $58,400 a year to keep housing costs at 30% of income. The area median family income is $116,400 and the 80% low-income limit for four people is $93,100. ZIP code 50023 lies mainly in Polk County. See the Des Moines-West Des Moines, IA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
50021	Ankeny	3.6 mi	$1,690
50131	Johnston	4.9 mi	$1,540
50313	Des Moines	5.3 mi	$1,290
50007	Alleman	5.5 mi	$1,180
50226	Polk City	5.7 mi	$930
50032	Berwick	6.5 mi	$1,430

Questions

What is the Fair Market Rent for ZIP code 50023?

HUD's FY2027 Small Area Fair Market Rents for 50023 are $1,180 (studio), $1,230 (1 BR), $1,460 (2 BR), $1,990 (3 BR) and $2,040 (4 BR) a month.

What is the Section 8 payment standard in 50023?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50023 that range is $1,314 to $1,606 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50023?

The FY2026 income limits of the Des Moines-West Des Moines, IA area apply: median family income $116,400, low-income (80%) limit $93,100 for a family of four.