Location: Minidoka County, ID | Metro: Minidoka 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 | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $258,236 | 0.44% | F |
| 3BR | $1,580 | $293,726 | 0.54% | F |
| 4BR | $1,910 | $405,828 | 0.47% | F |
| 5BR | $2,216 | $482,071 | 0.46% | F |
U.S. Census Bureau data (2024)
ZIP code 83336, located in Heyburn, ID, within Minidoka County, stands out due to its unique demographic and economic characteristics. With a population of 6,075 residents, 37.3% of whom rent their homes, the area has a median household income of $71,191 and a median home value of $320,599.
The rental market in Heyburn is slightly below the national average, yet the area's median income is relatively strong, indicating that many residents are likely employed in stable positions or own their homes. This combination of factors creates a solid foundation for the local real estate market.
Turning to the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,080, while the current market rent, based on Census ACS data, is $993. This means that landlords participating in the Section 8 program can expect a slight premium over the current market rate, making it an attractive option for those looking to ensure consistent rental income.
The data signature for ZIP 83336 suggests a stable environment. The median income and home values indicate financial stability among residents, and the modest difference between FMR and market rent signals a balanced rental market where Section 8 vouchers can play a significant role without causing major disruptions. Landlords and small-portfolio investors should find this ZIP code to be a reliable investment opportunity.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.