Location: Bingham County, ID | Metro: Bingham County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 83215 stands out due to its extremely low number of residents at just 15, making it one of the smallest communities analyzed. With only 18.2% of the population renting, this area has a predominantly owner-occupied housing market. However, the median income of $41,250 suggests that those who do rent could potentially benefit from assistance programs such as Section 8. The median home value is listed as N/A, which indicates a lack of sufficient data points to determine an accurate figure, likely due to the small sample size.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This figure represents the maximum amount that a Section 8 tenant can pay toward their rent, but the absence of market rent data for ZIP 83215 means we cannot directly compare the FMR to local market rates. Given the limited rental market, landlords accepting Section 8 vouchers in this ZIP would need to ensure their rents align with the FMR to be competitive and attract tenants.
The data signature for ZIP 83215 reads as "stable." Despite the small population, the existing economic indicators do not suggest significant volatility. Landlords and small-portfolio investors should proceed with caution, considering the niche market and the importance of understanding local dynamics. Accepting Section 8 vouchers can provide a steady stream of income, but the overall demand for rentals is likely to remain low.
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.