Section 8 Fair Market Rent (FMR) for ZIP 83250 - 2027

Location: Pocatello, ID | Metro: Pocatello, ID MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$950
1 Bedroom	$1,040
2 Bedrooms	$1,360
3 Bedrooms	$1,880
4 Bedrooms	$2,270
5 Bedrooms	$2,633
6 Bedrooms	$2,949
7 Bedrooms	$3,185
8 Bedrooms	$3,344

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,179

Median Household Income

$73,555

Housing Units

762

Renter Percentage

6.8%

Occupancy Rate

91.2%

Renter Occupied

Housing Authorities Serving ZIP 83250

Housing Alliance and Community Partnerships (Pocatello, ID) - 752 Section 8 vouchers

The ZIP code 83250, located in the heart of Idaho's rural landscape, offers a unique investment opportunity for landlords and small-portfolio investors looking to capitalize on the region's steady growth and moderate rental market.

Fair Market Rent (FMR): The FMR for ZIP 83250 is set at $920 for the fiscal year 2024, providing a benchmark for rental pricing that landlords should consider when setting their rates.
Market Rent: According to recent Census American Community Survey (ACS) data, the average market rent in the area is $1,063, indicating that there is room for slight premium pricing above the FMR without deterring tenants.
Median Home Value: The median home value in ZIP 83250 stands at $425,636, which suggests a stable housing market with reasonable property values for potential real estate investments.
Renter Share: Only 6.8% of households are renters, highlighting a smaller but potentially lucrative rental market where demand can be carefully managed.
Days on Market (DOM): The data for days on market is currently not available, but given the low renter share, it's likely that properties are rented out quickly once listed.
Median Income: With a median household income of $73,555, tenants in ZIP 83250 have the financial capacity to afford rents close to the market rate, ensuring a steady stream of income for landlords.

Investors considering the ZIP 83250 market should focus on properties that can command rents around the $1,063 mark, leveraging the slightly higher market rent compared to the FMR. The lower renter share indicates a niche market where targeted, quality rentals can stand out. Given the median home value and income levels, there is a solid foundation for property appreciation and tenant stability, making this area a worthwhile consideration for those interested in long-term real estate investment.

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.