Location: Fremont County, ID | Metro: Fremont 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 | $1,230 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,400 | $343,184 | 0.41% | F |
| 3BR | $1,940 | $431,981 | 0.45% | F |
| 4BR | $2,340 | $526,280 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 83420 in Fremont County, Idaho, stands out due to its unique demographic and economic characteristics. With a total population of 2,580, only 11.5% of residents are renters, indicating a predominantly owner-occupied community. The median income here is $69,286, which suggests a middle-class area. Additionally, the median home value of $451,066 is relatively high, reflecting the cost of living in the region.
In terms of voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,310, while the current market rent, according to Census ACS data, is $1,025. This discrepancy means that landlords accepting Section 8 vouchers could potentially see an increase in rental income, making it a viable option for those looking to attract tenants through the program. However, the low percentage of renters indicates that there might be limited demand for rental properties, including those that accept Section 8 vouchers.
Based on the data signature, ZIP 83420 appears to be a stable community with a strong inclination towards homeownership. The higher median home value and median income suggest a level of financial stability among residents. While the opportunity to receive higher rents via Section 8 vouchers exists, the overall environment seems less transitional and more settled, with fewer opportunities for rapid changes in the rental market.
To summarize, ZIP 83420 in Fremont County, Idaho, offers a mix of high home values and stable incomes, with a modest rental market. Landlords should consider the potential benefits of accepting Section 8 vouchers, especially if they aim to diversify their tenant base or operate in a niche market where such assistance programs are attractive.
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.