Location: Power County, ID | Metro: Bingham County, ID
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 | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $248,587 | 0.41% | F |
| 3BR | $1,410 | $295,890 | 0.48% | F |
| 4BR | $1,700 | $343,619 | 0.49% | F |
| 5BR | $1,972 | $404,810 | 0.49% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 83211 does not favor landlords. The Fair Market Rent (FMR) set at $910 for the fiscal year 2024 contrasts sharply with the actual market rent reported at $761 according to the Census ACS. This discrepancy suggests that landlords may struggle to justify higher rents based on the current market conditions.
Acquisition of properties in this area is relatively affordable. With a median home value of $270,576, potential investors can expect to purchase homes without excessive financial strain. However, the lack of data on days on market (DOM) and the low price-cut share of 0.2% indicate that the housing market is stable but not particularly dynamic, which could limit opportunities for significant discounts on property acquisitions.
Tenant demand in ZIP 83211 is modest. The total population stands at 6,743, with 31.2% of residents being renters. This percentage translates into a renter population of approximately 2,100 individuals, providing a reasonable pool of potential tenants for rental properties.
In conclusion, while there is a viable tenant base in American Falls, ID, the disparity between FMR and actual market rents poses a challenge for landlords seeking to maximize income. Property acquisition remains affordable, but the stable market conditions offer limited flexibility in pricing. Investors should carefully consider these factors before committing to rental investments in this ZIP code.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.