Section 8 Fair Market Rent (FMR) for ZIP 83235 - 2027

Location: Lemhi County, ID | Metro: Custer County, ID

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$900
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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

N/A

Renter Occupied

ZIP code 83235, located in Jerome, Idaho, is a small community that offers investors a niche market opportunity. The area is characterized by its rural setting and proximity to natural resources, making it attractive for those looking to invest in less competitive markets.

The Fair Market Rent (FMR) for Jerome, Idaho, for the fiscal year 2026 is set at $1,140. This figure represents the maximum amount a household paying 30 percent of their adjusted income towards housing should pay in this area.
The median home value in Jerome, Idaho, is currently not available. This lack of data suggests that the real estate market might be less active compared to larger metropolitan areas.
The percentage of the population that rents in Jerome, Idaho, is also not available. Understanding the renter share can help gauge the demand for rental properties in the area.
The number of days on the market (DOM) for properties in Jerome, Idaho, is not available. This metric would typically indicate how quickly properties are selling or renting, which is crucial for assessing the local real estate market's liquidity.
The median income for Jerome, Idaho, is not available. Knowing the median income helps to understand the financial capacity of potential tenants or buyers.

Investors considering ZIP code 83235 should focus on the Fair Market Rent as a benchmark for pricing their rental units competitively. The absence of specific data points such as median home value, renter share, DOM, and median income highlights the need for thorough local research before making investment decisions. Given Jerome's rural character, there may be limited competition but also a smaller pool of potential renters or buyers. Therefore, investors should tailor their strategies to meet the unique demands of this market, emphasizing quality and affordability in their rental offerings.

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.