Location: Madison County, ID | Metro: Idaho Falls, ID HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 83443, located in Madison County, Idaho, reveals a competitive yet manageable rental environment. The HUD Fair Market Rent (FMR) for ZIP 83443 is set at $1,160 for the fiscal year 2024. In comparison, the Census ACS reports the average market rent at $1,168. This slight discrepancy indicates that voucher tenants will cashflow marginally, but landlords must be selective with unit types and locations to ensure profitability.
To further analyze the investment potential, consider the median home value of $364,528. The rent-to-price ratio can be calculated by dividing the annual rent ($1,168 * 12 months) by the median home value. This yields an approximate ratio of 0.039, or 3.9%. A lower rent-to-price ratio suggests that the area is more oriented towards homeownership, which could influence the demand for rental properties. However, given the slight difference between the HUD FMR and market rent, the impact on rent-versus-buy dynamics is minimal.
The median Days on Market (DOM) and percentage of homes that experienced price cuts are not available for this area. Nonetheless, these metrics would typically help gauge the health of the housing market and provide insights into how quickly rental properties might turn over or how much competition there is for tenants.
The strongest angle for Section 8 investors in ZIP 83443 is stability. With the HUD FMR closely matching the market rent, landlords can expect consistent occupancy rates and predictable cashflows. This makes the area particularly attractive for small-portfolio investors seeking reliable returns without the need for aggressive pricing strategies.
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.