ZIP 50156 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 50156 in the Ames, IA FMR area.

Ames, IA

$790Efficiency

$8001 bedroom

$9902 bedrooms

$1,3703 bedrooms

$1,4804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$891
1 bedroom	$800	$720	$880	$944
2 bedrooms	$990	$891	$1,089	$1,061
3 bedrooms	$1,370	$1,233	$1,507	$1,469
4 bedrooms	$1,480	$1,332	$1,628	$1,768

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

Boone County, IA

$790Efficiency

$8001 bedroom

$9902 bedrooms

$1,3703 bedrooms

$1,4804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$763
1 bedroom	$800	$720	$880	$768
2 bedrooms	$990	$891	$1,089	$967
3 bedrooms	$1,370	$1,233	$1,507	$1,339
4 bedrooms	$1,480	$1,332	$1,628	$1,453

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

Des Moines-West Des Moines, IA

$790Efficiency

$8001 bedroom

$9902 bedrooms

$1,3703 bedrooms

$1,4804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$1,102
1 bedroom	$800	$720	$880	$1,145
2 bedrooms	$990	$891	$1,089	$1,360
3 bedrooms	$1,370	$1,233	$1,507	$1,856
4 bedrooms	$1,480	$1,332	$1,628	$1,901

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

Income in ZIP 50156

$83,678average adjusted gross income per tax return (2022)

$57,926average salaries and wages per return

2,170tax returns filed

14%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	20.3%
$25,000 to $50,000	21.2%
$50,000 to $75,000	16.6%
$75,000 to $100,000	13.4%
$100,000 to $200,000	23.0%
$200,000 or more	5.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 7.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 50156?

HUD's FY2027 Small Area FMRs for ZIP 50156 (Ames, IA) are $790 efficiency, $800 one bedroom, $990 two bedrooms, $1,370 three and $1,480 four bedrooms.

What payment standard can a housing authority set in ZIP 50156?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $891 to $1,089.

How affordable is rent in ZIP 50156?

Tax returns filed from ZIP 50156 reported an average adjusted gross income of $83,678 (2022). A two-bedroom unit at the Small Area FMR costs $11,880 a year, or 14% of that income.