Location: Twin Falls County, ID | Metro: Twin Falls County, ID HUD Metro FMR Area
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 | $1,000 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,410 |
| 5 Bedrooms | $2,796 |
| 6 Bedrooms | $3,132 |
| 7 Bedrooms | $3,383 |
| 8 Bedrooms | $3,552 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,990 | $391,784 | 0.51% | F |
| 4BR | $2,410 | $467,113 | 0.52% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 83328 does not align favorably for Section 8 participants. The Fair Market Rent (FMR) set at $1,200 for fiscal year 2024 is below the market rent of $1,270 as reported by the Census ACS. This discrepancy means that landlords receiving Section 8 payments would fall short of covering market rents by $70 per unit.
Acquisition in ZIP 83328 is relatively affordable, with a median home value of $408,741. However, the lack of available data on days on market (DOM) and the low percentage of homes requiring price cuts (0.2%) suggest a stable but not highly competitive market for property purchases. Landlords should consider negotiating with sellers to ensure the purchase price remains within their budget constraints.
Tenant demand in ZIP 83328 is modest. With a total population of 6,320, the renter share stands at 19.6%. This indicates that about 1,241 residents are likely to be potential tenants. While this number provides a steady stream of renters, it is not exceptionally high, which could affect the speed of filling vacancies.
In conclusion, ZIP 83328 presents a mixed picture for landlords and small-portfolio investors interested in Section 8 properties. The primary concern is the mismatch between the FMR and market rent, which could lead to financial strain. Acquisition costs are reasonable, yet the market dynamics imply limited room for negotiation. Tenant demand is present but not robust enough to guarantee quick occupancy. Given these factors, investment in this area should be approached with caution, focusing on properties where the FMR can cover operational costs effectively despite the shortfall in market rent coverage.
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.