ZIP 50161 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 50161 in the Ames, IA FMR area.

Ames, IA

$830Efficiency

$8801 bedroom

$1,0002 bedrooms

$1,3803 bedrooms

$1,6104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$891
1 bedroom	$880	$792	$968	$944
2 bedrooms	$1,000	$900	$1,100	$1,061
3 bedrooms	$1,380	$1,242	$1,518	$1,469
4 bedrooms	$1,610	$1,449	$1,771	$1,768

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

Jasper County, IA

$830Efficiency

$8801 bedroom

$1,0002 bedrooms

$1,3803 bedrooms

$1,6104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$782
1 bedroom	$880	$792	$968	$787
2 bedrooms	$1,000	$900	$1,100	$989
3 bedrooms	$1,380	$1,242	$1,518	$1,330
4 bedrooms	$1,610	$1,449	$1,771	$1,395

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

Des Moines-West Des Moines, IA

$830Efficiency

$8801 bedroom

$1,0002 bedrooms

$1,3803 bedrooms

$1,6104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$1,102
1 bedroom	$880	$792	$968	$1,145
2 bedrooms	$1,000	$900	$1,100	$1,360
3 bedrooms	$1,380	$1,242	$1,518	$1,856
4 bedrooms	$1,610	$1,449	$1,771	$1,901

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

Income in ZIP 50161

$81,065average adjusted gross income per tax return (2022)

$60,638average salaries and wages per return

960tax returns filed

15%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	21.9%
$25,000 to $50,000	20.8%
$50,000 to $75,000	13.5%
$75,000 to $100,000	12.5%
$100,000 to $200,000	25.0%
$200,000 or more	6.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 6.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 50161?

HUD's FY2027 Small Area FMRs for ZIP 50161 (Ames, IA) are $830 efficiency, $880 one bedroom, $1,000 two bedrooms, $1,380 three and $1,610 four bedrooms.

What payment standard can a housing authority set in ZIP 50161?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $900 to $1,100.

How affordable is rent in ZIP 50161?

Tax returns filed from ZIP 50161 reported an average adjusted gross income of $81,065 (2022). A two-bedroom unit at the Small Area FMR costs $12,000 a year, or 15% of that income.