Location: Bingham County, ID | Metro: Bingham County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 83277 in metro FY 2026 is set at $970. This figure represents the payment standard used by the Housing Choice Voucher program, commonly known as Section 8. It's important to note that this is not the amount your tenant will pay in rent; rather, it's the maximum amount the government will reimburse you for renting a unit to a voucher holder.
The FMR of $970 is the benchmark against which the Housing Authority determines the rent subsidy for eligible tenants. In ZIP 83277, there is currently no specific local rent figure provided for comparison, but the FMR serves as a guideline for what the market might bear for subsidized housing.
With a renter share of 33.8%, this means that approximately one-third of the residents in ZIP 83277 are renters. This percentage indicates a significant demand for rental properties, particularly those that can accommodate Section 8 vouchers. The high demand for rentals suggests that there is a market for Section 8 properties, as many low-income individuals rely on such subsidies to afford housing.
The lack of a specified local median rent makes it challenging to directly compare the FMR to typical rental prices in the area. However, the 33.8% renter share implies that there is a substantial portion of the population looking for affordable housing options, making Section 8 rentals a viable choice.
Before deciding to participate in the Section 8 program with your first rental property in ZIP 83277, it is crucial to verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary. Meeting these criteria is non-negotiable for acceptance into the program.
In conclusion, the FMR of $970 for ZIP 83277 in metro FY 2026 provides a clear indication of the reimbursement limit for Section 8 landlords. With a significant portion of the population renting, there is a strong demand for affordable housing. Ensure your property complies with HQS to secure eligibility for the program.
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.