FY2027 Small Area FMR · Des Moines, IA

ZIP 50314 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50314 (Des Moines, IA) is $1,160 a month, up 1.8% from FY2026. That is 15% below the Des Moines-West Des Moines, IA area-wide FMR of $1,360.

2-bedroom SAFMR$1,160per month ▲ 1.8%

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

Rank in the area62ndof 111 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,044

2 BR Small Area FMR$1,160

110% of SAFMR$1,276

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

Studio$940▲ 2.2%

1 BR$980▲ 2.1%

2 BR$1,160▲ 1.8%

3 BR$1,580▲ 1.9%

4 BR$1,620▲ 1.9%

FY2027 FY2026

Where 50314 sits in the Des Moines-West Des Moines, IA area

Of the 111 ZIP codes HUD lists for the area, 50314 has the 62nd 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 $1,044 and $1,276 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$940	$846 – $1,034	$1,102	$920
1 bedroom	$980	$882 – $1,078	$1,145	$960
2 bedrooms	$1,160	$1,044 – $1,276	$1,360	$1,140
3 bedrooms	$1,580	$1,422 – $1,738	$1,856	$1,550
4 bedrooms	$1,620	$1,458 – $1,782	$1,901	$1,590

A household renting a two-bedroom home at the Small Area FMR of $1,160 needs about $46,400 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 50314 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
50309	Des Moines	1.5 mi	$1,430
50316	Des Moines	1.7 mi	$1,180
50319	Des Moines	1.7 mi	$1,340
50311	Des Moines	2.2 mi	$1,200
50310	Des Moines	2.6 mi	$1,270
50312	Des Moines	2.8 mi	$1,260

Questions

What is the Fair Market Rent for ZIP code 50314?

HUD's FY2027 Small Area Fair Market Rents for 50314 are $940 (studio), $980 (1 BR), $1,160 (2 BR), $1,580 (3 BR) and $1,620 (4 BR) a month.

What is the Section 8 payment standard in 50314?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50314 that range is $1,044 to $1,276 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50314?

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.