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 ZIP code 83438 stands out due to its small population size of only 327 residents, which is significantly lower than most other ZIP codes. With 26.8% of the population renting, it suggests a niche market for landlords, particularly those interested in smaller, less crowded areas. The median income in this ZIP code is relatively high at $145,714, indicating that the area attracts individuals with higher earning potential, even though the median home value is not available, possibly due to insufficient data points.
Moving onto the voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $970. This figure is crucial for landlords who participate in the Section 8 program, as it dictates the maximum rental amount that can be covered under the voucher system. However, the market rent for ZIP 83438 is not available, making it challenging to assess how competitive the FMR is compared to actual rental rates in the area. Without this comparative data, landlords must rely on local knowledge or other sources to determine if participating in Section 8 is financially viable for them.
Given the limited data points available, the economic landscape of ZIP 83438 appears transitional. The high median income contrasts with the lack of detailed housing metrics, suggesting an evolving market where more data could provide clearer insights into rental trends and property values. Landlords should stay informed about local real estate developments and keep an eye on any updates regarding median home values and market rents to better understand the dynamics of this unique ZIP code.
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.