Location: Minidoka 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 | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $224,114 | 0.48% | F |
| 3BR | $1,480 | $310,940 | 0.48% | F |
| 4BR | $1,790 | $371,368 | 0.48% | F |
| 5BR | $2,076 | $479,536 | 0.43% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP 83318, Burley, ID, involve understanding both the SAFMR (Small Area Fair Market Rent) and the local market rent levels. For a two-bedroom apartment in FY 2026, the SAFMR is set at $1,020. This figure represents the maximum amount that a Section 8 housing voucher can cover for rent in this specific ZIP code.
Local market rents, as measured by ZORI (Zillow Observed Rent Index), run higher at $1,288 per month. This means that landlords who participate in the Section 8 program will receive less than the market rate for renting out a two-bedroom unit in Burley, ID.
A voucher payment consists of two parts: the tenant's portion and the utility allowance. The tenant's portion is typically 30% of their adjusted income. If we assume an average adjusted income of $1,500 for a family of four, the tenant would contribute around $450 towards rent. The remaining portion of the rent up to the SAFMR is covered by the voucher, which in this case would be $570.
Utility allowances vary but are generally lower than the actual cost of utilities. In Burley, ID, the utility allowance for a two-bedroom apartment might be around $150, although this can fluctuate based on the size of the household and the specific utility costs in the area.
To summarize, a landlord participating in the Section 8 program for a two-bedroom apartment in ZIP 83318 would receive:
This totals to $1,170, which is still below the local market rent of $1,288. Therefore, there is a reimbursement gap of $118 per month for landlords who choose to rent to Section 8 tenants in this ZIP code. This gap must be considered when deciding whether to participate in the program, as it affects the overall rental income compared to 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.