ZIP 50128 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 50128 in the Des Moines-West Des Moines, IA FMR area.

Des Moines-West Des Moines, IA

$740Efficiency

$7601 bedroom

$9302 bedrooms

$1,2503 bedrooms

$1,3304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$740	$666	$814	$1,102
1 bedroom	$760	$684	$836	$1,145
2 bedrooms	$930	$837	$1,023	$1,360
3 bedrooms	$1,250	$1,125	$1,375	$1,856
4 bedrooms	$1,330	$1,197	$1,463	$1,901

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Greene County, IA

$740Efficiency

$7601 bedroom

$9302 bedrooms

$1,2503 bedrooms

$1,3304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$740	$666	$814	$688
1 bedroom	$760	$684	$836	$709
2 bedrooms	$930	$837	$1,023	$927
3 bedrooms	$1,250	$1,125	$1,375	$1,212
4 bedrooms	$1,330	$1,197	$1,463	$1,448

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 50128

$89,400average adjusted gross income per tax return (2022)

$45,457average salaries and wages per return

140tax returns filed

12%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	21.4%
$25,000 to $50,000	21.4%
$50,000 to $75,000	28.6%
$75,000 to $100,000	0.0%
$100,000 to $200,000	28.6%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 0.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 50128?

HUD's FY2027 Small Area FMRs for ZIP 50128 (Des Moines-West Des Moines, IA) are $740 efficiency, $760 one bedroom, $930 two bedrooms, $1,250 three and $1,330 four bedrooms.

What payment standard can a housing authority set in ZIP 50128?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $837 to $1,023.

How affordable is rent in ZIP 50128?

Tax returns filed from ZIP 50128 reported an average adjusted gross income of $89,400 (2022). A two-bedroom unit at the Small Area FMR costs $11,160 a year, or 12% of that income.