Location: Pocatello, ID | Metro: Pocatello, ID MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
910 landlords in ZIP code 83209 should note that the Fair Market Rent (FMR) for a two-bedroom apartment is set at $910 for fiscal year 2024. 673 this contrasts with the actual market rent, which according to Census ACS data, is $673 for a similar unit. 100.0 Given that the renter share stands at an impressive 100.0%, it's evident that this area is predominantly occupied by renters rather than homeowners. 19336 however, the median income of $19,336 suggests that many tenants may struggle to afford even the lower market rents without assistance. N/A the lack of data on median home values and days on market (DOM) indicates that the housing market here is primarily rental-focused, with limited activity in home sales. N/A similarly, the absence of information on the percentage of price-cut shares further underscores the dominance of the rental sector over the home purchase market. 910 considering the FMR of $910, landlords can set their rents competitively while still being eligible for Section 8 subsidies. 673 the gap between the FMR and the market rent of $673 provides a buffer for landlords who wish to participate in the Section 8 program without significantly reducing their rental income. 19336 the low median income of $19,336 highlights the importance of the Section 8 program in ensuring affordable housing options for residents. 910 therefore, for landlords and small-portfolio investors looking to enter or stay in ZIP code 83209, participating in the Section 8 program is a viable strategy to maintain steady cash flows while serving a community in need.
910 in conclusion, the combination of high renter share, low median income, and competitive market rents makes ZIP code 83209 a suitable location for Section 8 participation. 910 landlords in this area can confidently offer units at or below the $910 FMR and expect a stable tenant base through the Section 8 program.
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.