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Housing market/Iowa/ZIP 50111

ACS 2023 · FY2027 SAFMR

ZIP 50111 Grimes, Iowa

Des Moines-West Des Moines, IA HUD Metro FMR Area · Iowa. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
16,254
Households
6,269
Median HH income
$108,352
Renter share
29.4%
Median gross rent
$1,156
Vacancy
1.2%
Pop. change
+18.1%
2BR SAFMR
$1,380
SAFMR / rent
1.194×
2–49 unit stock
1,411
LIHTC proj / units
5 / 252
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 50111 · IA — sent to you.

ZIP 50111 · IA

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ACS rent vs 2BR SAFMR

ZIP 50111 — Grimes, IA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,156
2BR SAFMR$1,380
90% floor$1,242
110% ceiling$1,518

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 50111

  • 1-unit detached3,90061.5%
  • 1-unit attached5518.7%
  • 2–4 units821.3%
  • 5–49 units1,32920.9%
  • 50+ units1662.6%
  • Mobile3175.0%
TypeUnitsShare
1-unit detached3,90061.5%
1-unit attached5518.7%
2 units (duplex)651.0%
3–4 units170.3%
5–9 units2463.9%
10–19 units5929.3%
20–49 units4917.7%
50+ units1662.6%
Mobile3175.0%

2–4 unit share 1.3% · 5–49 unit share 20.9% · combined 2–49 22.2%.

Units by bedrooms

Studio
49
1BR
407
2BR
1,819
3BR
1,883
4BR
1,761
5+
426

Rent burden

Rent ≥30% of income27.9%
Rent ≥50% of income12.7%
  • ACS median gross rent $1,156 (all bedrooms, occupied rentals).
  • Median contract rent $1,022.
  • Renters paying ≥30% of income 27.9%; ≥50% 12.7%.
  • FY2027 2BR SAFMR $1,380 (1.194× ACS median gross rent).

Population

16,254 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +18.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 5 projects, 252 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 2,271 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 50111 29.4% of occupied households are renters; vacancy is 1.2%; ACS median gross rent is $1,156; population increased +18.1% between the 2018 and 2023 ACS vintages; the housing stock includes 82 units in 2–4-unit structures and 1,329 units in 5–49-unit structures; 5 LIHTC projects totaling 252 units; FY2027 2BR SAFMR is $1,380 versus ACS median gross rent of $1,156. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Iowa research

ZIP 50111 is a Census / HUD profile for Des Moines-West Des Moines, IA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 50111 — Grimes, IA HUD Section 8 Payment Standards / SAFMR·Iowa ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
50001Des Moines-West Des Moines, IA HUD Metro FMR Area14.1%$1,408$1,68050003Des Moines-West Des Moines, IA HUD Metro FMR Area22.9%$858$1,20050007Des Moines-West Des Moines, IA HUD Metro FMR Area0.0%—$1,18050009Des Moines-West Des Moines, IA HUD Metro FMR Area29.7%$1,201$1,44050021Des Moines-West Des Moines, IA HUD Metro FMR Area25.6%$1,434$1,69050023Des Moines-West Des Moines, IA HUD Metro FMR Area29.6%$1,191$1,46050032Des Moines-West Des Moines, IA HUD Metro FMR Area14.0%—$1,43050033Des Moines-West Des Moines, IA HUD Metro FMR Area42.9%—$1,09050035Des Moines-West Des Moines, IA HUD Metro FMR Area8.7%$1,097$1,40050038Des Moines-West Des Moines, IA HUD Metro FMR Area0.0%—$1,26050039Des Moines-West Des Moines, IA HUD Metro FMR Area33.8%$890$1,09050046Des Moines-West Des Moines, IA HUD Metro FMR Area10.9%$1,005$1,160

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Iowa research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 50111?

ZIP 50111 (Des Moines-West Des Moines, IA HUD Metro FMR Area) has 16,254 residents, 6,269 households, a renter share of 29.4%, median household income of $108,352, and ACS 2023 median gross rent of $1,156. Vacancy is 1.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 50111?

ACS counts 65 units in 2-unit buildings, 17 in 3–4 unit buildings, 246 in 5–9, 592 in 10–19, and 491 in 20–49. Combined 2–49 unit stock is 1,411 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 50111?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,380. See the full schedule and 90–110% payment-standard band on the ZIP 50111 — Grimes, IA HUD Section 8 Payment Standards / SAFMR.

Does this Iowa ZIP profile include Georgia listings?

No. ZIP 50111 is Census / HUD research for Des Moines-West Des Moines, IA HUD Metro FMR Area. Jeff Crowe CRE does not list Iowa property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.