Location: Cassia County, ID | Metro: Cassia County, ID
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 | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,550 | $408,121 | 0.38% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 83311 in the upcoming fiscal year 2026 is set at $1,110. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which means it is the maximum amount the government will pay toward a tenant's rent. It is important to note that this is not the actual rent you would charge your tenants; rather, it caps the subsidy provided to eligible renters.
In comparison, the average rent for properties in ZIP 83311, based on recent Census American Community Survey (ACS) data, stands at $2,574. This indicates that the market rent is significantly higher than the Section 8 payment standard. Therefore, landlords must be prepared to cover the difference between the FMR and the market rate, which can be substantial.
The 31.4% share of renters in the area suggests a strong demand for rental housing. This percentage represents the portion of households that are renters, indicating a competitive market where the availability of affordable housing is crucial. Landlords can leverage this demand to attract tenants who qualify for Section 8 vouchers, ensuring a steady stream of income from reliable sources.
When considering an investment in Section 8 rentals, the typical acquisition cost for a property in ZIP 83311 is around $414,318. This figure gives you a baseline for understanding the financial commitment required to enter this market. It is essential to factor in the lower payment standard when calculating potential returns on investment.
Before committing to a Section 8 rental property, verify that the property meets all HUD (Department of Housing and Urban Development) standards for quality and safety. These requirements ensure that the living conditions are suitable for tenants and comply with federal regulations. Failing to meet these standards could result in penalties and loss of voucher eligibility.
To summarize, while the FMR of $1,110 limits the government subsidy, the local market rent of $2,574 provides insight into the additional income needed. With a 31.4% renter share, there is a solid demand for affordable housing, and an acquisition cost of $414,318 should be carefully weighed against the long-term benefits of stable occupancy. Ensure compliance with HUD standards to avoid any issues that could jeopardize your investment.
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.