Section 8 Fair Market Rent (FMR) for ZIP 83403 - 2027

Location: Idaho Falls, ID | Metro: Idaho Falls, ID HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,000
1 Bedroom	$1,050
2 Bedrooms	$1,260
3 Bedrooms	$1,740
4 Bedrooms	$2,110
5 Bedrooms	$2,448
6 Bedrooms	$2,742
7 Bedrooms	$2,961
8 Bedrooms	$3,109

The area covered by ZIP code 83403, located in Idaho, presents a unique opportunity for real-estate investors interested in Section 8 properties. The Fair Market Rent (FMR) for this region has been set at $1100 for fiscal year 2024, providing a benchmark for rental pricing that aligns with federal guidelines.

Fair Market Rent (FMR): The FMR for ZIP 83403 is $1100 for the fiscal year 2024, indicating the maximum amount that can be charged for a Section 8 voucher holder.
Market Rent: Data on market rent is currently unavailable, which means there's no direct comparison to typical rental prices outside of the Section 8 program.
Median Home Value: The median home value is also not available, making it difficult to assess the overall housing market value in this area.
Renter Share: The percentage of renters in the area is unknown, preventing a precise calculation of the demand for rental properties.
Days on Market (DOM): Information regarding the average days on market for properties is not available, thus the speed of property turnover cannot be determined.
Median Income: The median income figure is missing, which is crucial for understanding the economic profile of potential tenants.

In summary, while the Fair Market Rent for ZIP 83403 offers a clear guideline for setting rental prices for Section 8 properties, the lack of other key data points such as market rent, median home value, and median income makes it challenging to provide a comprehensive analysis. Investors should focus on the stability offered by the FMR but must also consider the limited visibility into broader market dynamics when making investment decisions in this area.

Data Sources: FMR data from HUD (2027).

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.