Location: Pocatello, ID | Metro: Pocatello, ID MSA
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 | $1,050 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $2,090 |
| 4 Bedrooms | $2,520 |
| 5 Bedrooms | $2,923 |
| 6 Bedrooms | $3,274 |
| 7 Bedrooms | $3,536 |
| 8 Bedrooms | $3,713 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,090 | $459,686 | 0.45% | F |
| 4BR | $2,520 | $510,672 | 0.49% | F |
U.S. Census Bureau data (2024)
8.9% of the population in ZIP code 83245 are renters, indicating a moderate demand for rental properties. The $1190 Fair Market Rent (FMR) set for zip code 83245 for fiscal year 2024 is higher than the $938 average market rent reported by the Census Bureau's American Community Survey (ACS), suggesting that landlords participating in the Section 8 program can expect slightly better rental income compared to the general market. Given the $492,609 median home value, it's clear that the area is not cheap, which could influence property management costs and maintenance expenses. The median income of $93,005 provides insight into the economic profile of residents, though it doesn't directly correlate with eligibility for Section 8 housing vouchers, which are typically available to those earning below 50% of the area median income. Despite the lack of specific data on days on market (DOM) and the percentage of homes that have had their prices cut, the disparity between the FMR and market rent indicates a potential for landlords to receive competitive rents through the Section 8 program. This could be particularly beneficial in an area where property values are high and the cost of living is consequently elevated. For small-portfolio investors considering Section 8 participation, the opportunity to secure a steady stream of income at rates above the local market average, while also serving a community need, makes ZIP 83245 a viable option.
Section 8 Verdict: Suitable for landlords seeking stable rental income above market rates.
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.