Location: Fremont County, ID | Metro: Fremont County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
U.S. Census Bureau data (2024)
The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in ZIP 83421 for fiscal year 2026 is set at $1,160. This figure represents the maximum amount that a Section 8 voucher will cover for a landlord. However, the actual market rent for a two-bedroom apartment in this area varies, with some listings showing rates between $975 and $1,500 per month.
A Section 8 voucher works by covering the difference between what a low-income tenant can afford and the rent of the property. Specifically, the tenant must contribute 30% of their adjusted income towards the rent. The remainder is covered by the voucher, subject to the SAFMR limit.
To illustrate, if a tenant's adjusted income is $1,000 per month, they would be required to pay $300 towards the rent. The voucher would then cover the remaining $860, up to the $1,160 SAFMR limit. If the market rent is higher than $1,160, the landlord must absorb the additional cost; if it's lower, the tenant might still need to pay the shortfall from their own pocket.
In ZIP 83421, the SAFMR applies uniformly across the ZIP code, meaning all properties within this area are subject to the same rate. Utility allowances are also part of the calculation, but the exact amount is not specified in the provided data. Landlords should note that the reimbursement from the voucher program does not exceed the SAFMR, regardless of the actual market rent.
Given the SAFMR of $1,160 and the market rent range, landlords in ZIP 83421 could face a reimbursement gap if the market rent exceeds $1,160. Conversely, if the market rent is below the SAFMR, landlords might see a surplus in their reimbursement. For instance, a two-bedroom apartment listed at $1,095 would result in a surplus of $65 for the landlord, assuming the tenant's contribution is less than the difference between the market rent and the SAFMR.
Data Sources: FMR data from HUD (2027). 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.