Section 8 Fair Market Rent (FMR) for ZIP 83256 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 83256 in the metro area for fiscal year 2026 is set at $970. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is also known as the Housing Choice Voucher Program. It's important to note that this is not the amount you will be charging your tenants; rather, it's the ceiling for the government subsidy portion of the rent.

In ZIP 83256, the local median rent is listed as N/A, which makes direct comparison challenging. However, the N/A% share of renters in the area indicates a significant demand for affordable housing. This suggests that there is a strong likelihood of finding tenants who qualify for Section 8 vouchers.

The acquisition cost for properties in this ZIP code is also noted as N/A. This means that without specific data, it's difficult to give an exact price range for purchasing a rental property here. However, given the high demand for affordable housing, it's likely that investing in a property that meets the criteria for Section 8 could be a sound financial decision.

Before committing to a Section 8 rental property in ZIP 83256, you must verify that the property meets all the necessary quality and safety standards required by the program. These standards are designed to ensure that the living conditions are suitable for tenants and include inspections for issues such as mold, lead paint, and structural integrity. Once these criteria are met, you can confidently proceed with renting to Section 8 tenants knowing that you'll receive a reliable monthly income up to the FMR limit.

Data Sources: FMR data from HUD (2027).

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.