Location: Teton County, ID | Metro: Fremont County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,230 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
U.S. Census Bureau data (2024)
The ZIP code 83436 stands out in Idaho County with a unique blend of demographics and housing economics. With only 778 residents, it has a very low population density, which is typical for rural areas. However, the rental rate of 11.7% is notably lower than the national average, indicating that homeownership is significantly more prevalent. The median income of $80,000 suggests a relatively affluent community compared to many rural ZIP codes. Additionally, the median home value of $521,686 is quite high, reflecting the strong demand for property ownership in this area.
Moving to the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,240. This is slightly below the market rent of $1,271, as reported by the Census Bureau's American Community Survey (ACS). For landlords, this means that while Section 8 tenants can cover most of the rent, there might be a small shortfall that needs to be accounted for. Given the high median home value and relatively low rental rates, landlords in ZIP 83436 should consider the potential benefits of accepting Section 8 tenants, such as long-term stability and a reliable source of income.
The data signature for ZIP 83436 reads as stable. The low rental rate coupled with high median home values indicates a community where homeownership is preferred and financially feasible for most residents. The slight disparity between FMR and market rents suggests that landlords can still attract Section 8 tenants without significant financial strain. This stability is crucial for both landlords and small-portfolio investors looking to navigate the real estate market in this area.
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.