FY2027 Small Area FMR · Patterson, IA

ZIP 50218 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50218 (Patterson, IA) is $1,240 a month, unchanged from FY2026. That is 9% below the Des Moines-West Des Moines, IA area-wide FMR of $1,360.

2-bedroom SAFMR$1,240per month ■ 0.0%

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

Rank in the area50thof 111 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,116

2 BR Small Area FMR$1,240

110% of SAFMR$1,364

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

Studio$1,000■ 0.0%

1 BR$1,040■ 0.0%

2 BR$1,240■ 0.0%

3 BR$1,690■ 0.0%

4 BR$1,730■ 0.0%

FY2027 FY2026

Where 50218 sits in the Des Moines-West Des Moines, IA area

Of the 111 ZIP codes HUD lists for the area, 50218 has the 50th 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 $1,116 and $1,364 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,000	$900 – $1,100	$1,102	$1,000
1 bedroom	$1,040	$936 – $1,144	$1,145	$1,040
2 bedrooms	$1,240	$1,116 – $1,364	$1,360	$1,240
3 bedrooms	$1,690	$1,521 – $1,859	$1,856	$1,690
4 bedrooms	$1,730	$1,557 – $1,903	$1,901	$1,730

A household renting a two-bedroom home at the Small Area FMR of $1,240 needs about $49,600 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 50218 lies mainly in Madison 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
50033	Bevington	4.6 mi	$1,090
50240	Saint Charles	5.7 mi	$1,090
50229	Prole	5.9 mi	$1,190
50160	Martensdale	7.6 mi	$1,020
50241	Saint Marys	7.9 mi	$1,250
50261	Van Meter	9.0 mi	$1,150

Questions

What is the Fair Market Rent for ZIP code 50218?

HUD's FY2027 Small Area Fair Market Rents for 50218 are $1,000 (studio), $1,040 (1 BR), $1,240 (2 BR), $1,690 (3 BR) and $1,730 (4 BR) a month.

What is the Section 8 payment standard in 50218?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50218 that range is $1,116 to $1,364 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50218?

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.