Location: Fremont County, ID | Metro: Idaho Falls, ID HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
U.S. Census Bureau data (2024)
The ZIP code 83425 presents a dynamic rental market that is currently experiencing a balance between supply and demand. The Fair Market Rent (FMR) for the area stands at $1270 for fiscal year 2024, while the actual market rent, according to the latest Census ACS data, is $850. This discrepancy suggests that there is room for growth in rental prices, indicating potential upward pressure on rents as the market adjusts to the FMR.
The 30.1% renter share in ZIP 83425 is significant and points towards ongoing housing pressure. A higher percentage of renters can signal a trend where demand for rental properties remains strong, possibly due to factors such as affordability issues, population growth, or an influx of young professionals who prefer renting over buying. This long-term dynamic supports the idea that the rental market will continue to be active, with steady demand pushing against available supply.
While specific figures for price-cut shares, days on the market (DOM), and median home values are not provided, the overall picture indicates a market where demand is robust enough to keep rental rates relatively stable and close to the FMR. Landlords and small-portfolio investors should expect consistent interest in their properties, but also be prepared for competition among other rental units.
In summary, ZIP 83425 is a market characterized by a strong rental presence and a balance between supply and demand. The high renter share suggests sustained pressure on the rental market, making it a favorable environment for those looking to invest in rental properties. However, the exact trajectory of the market will depend on future developments in both supply and demand.
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.