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 | $870 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,730 | $404,966 | 0.43% | F |
| 4BR | $2,090 | $468,732 | 0.45% | F |
U.S. Census Bureau data (2024)
The dynamics of ZIP code 83341 present a market in motion, influenced by the interplay between supply and demand. With a Fair Market Rent (FMR) set at $1010 for fiscal year 2024, and the actual market rent observed at $1,107 according to Census ACS data, it's clear that the rental market is slightly above the government's benchmark, suggesting a scenario where demand may be keeping pace with or slightly exceeding supply.
The low 0.2% price-cut share indicates that landlords in this area are generally not needing to reduce their rents to attract tenants, which further supports the notion that demand is robust. However, the lack of available data on days on market (DOM) for rentals makes it difficult to draw conclusions about how quickly units are being filled or the intensity of competition among renters.
A median home value of $443,337 places this ZIP code in a moderate range, neither extremely high nor low compared to national averages. This figure, combined with the FMR and market rent, suggests that while homeownership is feasible for many, a significant portion of the population may still find renting more affordable or suitable given their circumstances.
The 13.0% renter share points to a relatively stable long-term housing pressure. In areas with higher renter shares, there can be greater pressure on rental markets due to fewer homeowners contributing to the overall housing stock. Conversely, in ZIP 83341, the majority of residents own their homes, which can lead to less volatility in the rental market. However, it also means that any increase in rental demand could put upward pressure on rents, especially if new construction is limited.
Landlords and small-portfolio investors should pay attention to these indicators to understand the current market conditions. The slight premium of market rent over FMR and the minimal need for price cuts suggest that maintaining or slightly increasing rents could be viable strategies. Additionally, the relatively low renter share implies that the area might have a steady base of homeowners, which could support property values and provide a stable investment environment.
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.