Location: Bingham County, ID | Metro: Pocatello, ID MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,210 |
| 5 Bedrooms | $2,564 |
| 6 Bedrooms | $2,872 |
| 7 Bedrooms | $3,102 |
| 8 Bedrooms | $3,257 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 83203 in Bingham County, Idaho, reveals a clear path for landlords and small-portfolio investors looking to maximize their returns while serving voucher tenants.
The HUD Fair Market Rent (FMR) for the metro area encompassing ZIP 83203 is set at $1,250 for fiscal year 2026. This figure represents the maximum amount landlords can charge for rent when accepting Section 8 vouchers. However, due to the lack of specific market rent data for ZIP 83203, we cannot directly compare it against the FMR. Nonetheless, given the typical lower cost of living in rural areas compared to urban centers, it's reasonable to infer that landlords accepting vouchers at the FMR will likely experience positive cash flow, barring unusually high property maintenance costs.
The median home value in ZIP 83203 is currently unavailable, which makes deriving an exact rent-to-price ratio challenging. However, the absence of this data does not significantly impact the decision-making process for landlords focused on rental income. The primary concern remains ensuring that the rental income meets or exceeds the expenses associated with maintaining the property.
With the FMR set at $1,250, landlords should be able to cash flow comfortably with standard units, without the need to seek out premium properties. This is a strong indicator that the area supports a robust Section 8 market, where landlords can rely on steady income from the government program.
The strongest angle for investors in ZIP 83203 is cashflow. Given the FMR and the expected lower operational costs, landlords can anticipate a reliable and positive cash flow from their Section 8 properties, making it an attractive option for those seeking stable and predictable returns on their investment.
Data Sources: FMR data from HUD (2027). 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.