FY2027 Small Area FMR · Milo, IA

ZIP 50166 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50166 (Milo, IA) is $1,120 a month, up 2.8% from FY2026. That is 18% below the Des Moines-West Des Moines, IA area-wide FMR of $1,360.

2-bedroom SAFMR$1,120per month ▲ 2.8%

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

Rank in the area68thof 111 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,008

2 BR Small Area FMR$1,120

110% of SAFMR$1,232

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

Studio$910▲ 3.4%

1 BR$940▲ 2.2%

2 BR$1,120▲ 2.8%

3 BR$1,530▲ 3.4%

4 BR$1,570▲ 3.3%

FY2027 FY2026

Where 50166 sits in the Des Moines-West Des Moines, IA area

Of the 111 ZIP codes HUD lists for the area, 50166 has the 68th 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 $1,008 and $1,232 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$910	$819 – $1,001	$1,102	$880
1 bedroom	$940	$846 – $1,034	$1,145	$920
2 bedrooms	$1,120	$1,008 – $1,232	$1,360	$1,090
3 bedrooms	$1,530	$1,377 – $1,683	$1,856	$1,480
4 bedrooms	$1,570	$1,413 – $1,727	$1,901	$1,520

A household renting a two-bedroom home at the Small Area FMR of $1,120 needs about $44,800 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 50166 lies mainly in Warren 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
50001	Ackworth	4.9 mi	$1,680
50145	Liberty Center	6.3 mi	$1,180
50139	Lacona	6.6 mi	$1,180
50125	Indianola	8.7 mi	$1,180
50062	Melcher Dallas	10.2 mi	$930
50163	Melcher Dallas	10.7 mi	$930

Questions

What is the Fair Market Rent for ZIP code 50166?

HUD's FY2027 Small Area Fair Market Rents for 50166 are $910 (studio), $940 (1 BR), $1,120 (2 BR), $1,530 (3 BR) and $1,570 (4 BR) a month.

What is the Section 8 payment standard in 50166?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50166 that range is $1,008 to $1,232 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50166?

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.