FY2027 Small Area FMR · Des Moines, IA

ZIP 50315 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50315 (Des Moines, IA) is $1,290 a month, up 4.9% from FY2026. That is 5% below the Des Moines-West Des Moines, IA area-wide FMR of $1,360.

2-bedroom SAFMR$1,290per month ▲ 4.9%

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

Rank in the area41stof 111 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,161

2 BR Small Area FMR$1,290

110% of SAFMR$1,419

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

Studio$1,050▲ 6.1%

1 BR$1,090▲ 5.8%

2 BR$1,290▲ 4.9%

3 BR$1,760▲ 5.4%

4 BR$1,800▲ 4.7%

FY2027 FY2026

Where 50315 sits in the Des Moines-West Des Moines, IA area

Of the 111 ZIP codes HUD lists for the area, 50315 has the 41st 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 $1,161 and $1,419 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,050	$945 – $1,155	$1,102	$990
1 bedroom	$1,090	$981 – $1,199	$1,145	$1,030
2 bedrooms	$1,290	$1,161 – $1,419	$1,360	$1,230
3 bedrooms	$1,760	$1,584 – $1,936	$1,856	$1,670
4 bedrooms	$1,800	$1,620 – $1,980	$1,901	$1,720

A household renting a two-bedroom home at the Small Area FMR of $1,290 needs about $51,600 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 50315 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
50321	Des Moines	2.2 mi	$1,330
50309	Des Moines	2.7 mi	$1,430
50320	Des Moines	3.1 mi	$1,320
50319	Des Moines	3.2 mi	$1,340
50312	Des Moines	3.8 mi	$1,260
50314	Des Moines	4.1 mi	$1,160

Questions

What is the Fair Market Rent for ZIP code 50315?

HUD's FY2027 Small Area Fair Market Rents for 50315 are $1,050 (studio), $1,090 (1 BR), $1,290 (2 BR), $1,760 (3 BR) and $1,800 (4 BR) a month.

What is the Section 8 payment standard in 50315?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50315 that range is $1,161 to $1,419 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50315?

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.