Location: Pocatello, ID | Metro: Pocatello, ID MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $920 | $197,203 | 0.47% | F |
| 2BR | $1,200 | $244,779 | 0.49% | F |
| 3BR | $1,660 | $313,692 | 0.53% | F |
| 4BR | $2,010 | $350,803 | 0.57% | F |
| 5BR | $2,332 | $456,814 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 83201 in Pocatello, ID, is characterized by a significant portion of its population being renters, making it a viable market for Section 8 tenants. With 32.9% of the population renting, there is a notable demand for rental properties, especially those that can accommodate government housing vouchers. The total population of 39,902 suggests a robust base of potential tenants.
The median household income in the area is $66,357, which provides context for the affordability of the typical market rent of $1,115. This figure represents approximately 18.4% of the median household income, indicating that while rent is a substantial expense, it remains within a manageable range for many residents. For comparison, the Fair Market Rent (FMR) for ZIP 83201, as set by HUD for FY 2024, is $950. This means that landlords who accept vouchers can expect a lower rent payment compared to the market rate, but still within the acceptable range for low-income households.
In terms of the tenant profile, landlords in 83201 should anticipate working with individuals and families who rely on Section 8 vouchers to cover their rent. These tenants will likely have an income below 50% of the area's median income, aligning with the voucher program's eligibility criteria. The difference between the FMR of $950 and the market rent of $1,115 highlights the premium some tenants might be willing to pay over the voucher amount, suggesting opportunities for landlords who can offer desirable amenities or services.
Given the high percentage of renters and the relatively low FMR compared to the market rent, 83201 presents a scenario where there is a strong need for affordable housing options that can cater to the Section 8 population. Landlords should prepare for a tenant pool that is sensitive to rent costs and may require assistance with income verification and voucher management processes.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.