FY2027 Small Area FMR · Guthrie Center, IA
ZIP 50115 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50115 (Guthrie Center, IA) is $980 a month, up 3.2% from FY2026. That is 28% below the Des Moines-West Des Moines, IA area-wide FMR of $1,360.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 50115 sits in the Des Moines-West Des Moines, IA area
Of the 111 ZIP codes HUD lists for the area, 50115 has the 94th 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 $882 and $1,078 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $790 | $711 – $869 | $1,102 | $770 |
| 1 bedroom | $830 | $747 – $913 | $1,145 | $800 |
| 2 bedrooms | $980 | $882 – $1,078 | $1,360 | $950 |
| 3 bedrooms | $1,340 | $1,206 – $1,474 | $1,856 | $1,290 |
| 4 bedrooms | $1,370 | $1,233 – $1,507 | $1,901 | $1,330 |
A household renting a two-bedroom home at the Small Area FMR of $980 needs about $39,200 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 50115 lies mainly in Guthrie County. See the Des Moines-West Des Moines, IA metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 50115?
HUD's FY2027 Small Area Fair Market Rents for 50115 are $790 (studio), $830 (1 BR), $980 (2 BR), $1,340 (3 BR) and $1,370 (4 BR) a month.
What is the Section 8 payment standard in 50115?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50115 that range is $882 to $1,078 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 50115?
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.