Location: Bear Lake County, ID | Metro: Bear Lake County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 83233, set at $970 for the metro area fiscal year 2026, represents the payment standard used by the Section 8 program. This is not the amount tenants will pay; it's the maximum subsidy amount the government will pay to landlords. Landlords are responsible for setting the actual rent, which must be reasonable and comparable to market rates.
In ZIP 83233, there is currently a 0.0% renter share, indicating that the demand for rental properties is exceptionally high relative to the supply. This suggests that there are many potential tenants who could benefit from Section 8 assistance, making it a viable option for landlords looking to fill vacancies.
The local median rent is listed as N/A, which means we don't have specific data to compare against the FMR. However, the lack of detailed acquisition cost information (N/A) implies that there isn't comprehensive data on how much it typically costs to acquire a rental property in this area. For landlords, this makes it particularly important to conduct thorough due diligence on any property they consider renting under Section 8.
Before deciding to participate in Section 8 with a rental property in ZIP 83233, verify that the rent you plan to charge does not exceed the FMR of $970. This ensures compliance with the program and maximizes your subsidy income. Additionally, check the condition of the property against the Housing Quality Standards (HQS) required by the program to avoid costly repairs post-acquisition.
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.