Location: Clark County, ID | Metro: Clark County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,020 |
| 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 economics of Section 8 housing in ZIP code 83446 are straightforward. The SAFMR (Standard Amount for Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2026 is set at $980. This figure represents the maximum amount that the Housing Choice Voucher Program will pay on behalf of a tenant towards the rent of a two-bedroom unit.
To understand what a landlord can expect from a voucher, it's essential to break down the components. The tenant is responsible for paying 30% of their adjusted income towards the rent. For example, if a tenant's monthly adjusted income is $1,000, they would contribute $300 toward the rent. The remaining balance up to the SAFMR of $980 is covered by the voucher program.
In addition to the base rent, there are utility allowances. These vary based on the type of utilities required for the property but generally add an additional $200 to $300 per month to the total reimbursement. Therefore, if we consider a moderate utility allowance of $250, the total reimbursement for a two-bedroom apartment could be as high as $1,230.
However, it's important to note that the local market rent for ZIP 83446 is currently listed as N/A, which means that without specific data, it's challenging to provide a direct comparison between the market rates and the SAFMR. Nonetheless, the reimbursement structure remains consistent.
To illustrate, if a tenant's contribution is $300 and the utility allowance is $250, then the voucher program would cover the difference to reach the SAFMR of $980. In this scenario, the landlord receives a total of $980 for rent plus the utility allowance of $250, totaling $1,230.
Given the SAFMR of $980 and assuming a tenant's contribution and utility allowance, the typical reimbursement gap or surplus for a two-bedroom apartment in ZIP 83446 would be determined by comparing this total ($1,230) to the actual market rent. Since the local market rent is not available, we cannot definitively state whether landlords will experience a surplus or a shortfall. However, if the market rent exceeds the SAFMR plus utility allowance, landlords will face a shortfall. Conversely, if the market rent is below this combined amount, landlords will benefit from a surplus.
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.