Location: Idaho Falls, ID | Metro: Idaho Falls, ID HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
U.S. Census Bureau data (2024)
To classify ZIP code 83454, we must consider the yield and stability factors. The Fair Market Rent (FMR) for ZIP 83454 in fiscal year 2024 is $1,120, while the median home value stands at $347,865. This suggests a relatively low rental yield, as the FMR does not significantly exceed the potential mortgage costs or property taxes associated with such a home value. However, without specific market rent figures, it's challenging to make a direct comparison.
The stability indicators include the percentage of renters, which is 18.9%, and the median household income of $66,607. The absence of days-on-market (DOM) data means we cannot assess how quickly properties are typically sold in this area. Given the low percentage of renters, the market leans towards homeownership rather than rental demand, indicating lower stability for rental investments.
Based on these figures, ZIP 83454 appears to be neither a high-yield nor a particularly stable rental market. The yield is modest, with an FMR that is not exceptionally high compared to the median home value. Stability is compromised by the low percentage of renters, suggesting that rental demand might be limited. Therefore, this market is best classified as somewhere in between, offering moderate cash flow but with risks due to lower demand and potentially higher vacancy rates.
A landlord or small-portfolio investor considering ZIP 83454 should focus on properties that can generate steady cash flow and be prepared for occasional vacancies. While the rental yield is not outstanding, the investment could still be viable if the goal is long-term, stable returns rather than quick flips or high-income generation.
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.