Location: Fremont County, ID | Metro: Fremont County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 83433 is set at $970 for the metro area fiscal year 2026. This figure represents the payment standard for Section 8 housing assistance in your area, meaning it's the maximum amount the government will pay towards rent for eligible tenants. It does not represent the rent you should charge; rather, it's the cap on the subsidy.
Comparatively, there is no available data for local market rents in ZIP 83433, which makes the $970 FMR a key benchmark for understanding what the government deems a reasonable rent level for subsidized housing in this area.
The 0.0% renter share indicates that there is currently no information available regarding the percentage of renters in the area who could potentially benefit from Section 8 assistance. However, this does not necessarily mean there is no demand. In fact, the lack of data might suggest an underserved market where demand could be high but unmet due to insufficient information or reporting.
Regarding the acquisition cost of properties in ZIP 83433, there is also no specific data provided. Without knowing the typical property values, it's challenging to give precise advice on whether the investment aligns with the potential returns from Section 8 tenancy. The acquisition cost is crucial because it affects the overall profitability of the rental.
Before proceeding with your first Section 8 rental in ZIP 83433, you must verify that your property meets the local Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary for tenants. While the specifics can vary by locality, failing to meet these requirements can result in rejection from the program, even if the rent is below the $970 FMR.
In summary, while the $970 FMR provides a guideline for the subsidy, the lack of detailed local data suggests that thorough research into local market conditions and HQS requirements is essential. This ensures that you make an informed decision about the viability of a Section 8 rental in ZIP 83433.
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.