Location: Madison County, ID | Metro: Madison County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
1,120 is the Fair Market Rent (FMR) for ZIP 83460 in metro FY 2026, indicating the maximum amount Section 8 recipients can pay for rent.
N/A is the reported market rent for ZIP 83460, suggesting a lack of comprehensive data on current rental prices in the area.
N/A is the median home value for ZIP 83460, which means there is no reliable figure available to compare against typical home values.
N/A% is the estimated renter share for ZIP 83460, implying that the exact percentage of residents who rent their homes is unknown.
N/A is the median income for ZIP 83460, indicating insufficient data to assess the financial status of the population.
N/A-day is the average Days on Market (DOM) for properties in ZIP 83460, suggesting that the speed at which homes sell cannot be determined accurately.
N/A% is the price-cut share for ZIP 83460, meaning there is no data to evaluate how often sellers adjust their asking prices.
Despite these gaps in data, the Fair Market Rent provides a benchmark for landlords and investors to set reasonable rental rates for Section 8 tenants. The absence of market rent data, however, makes it difficult to gauge the actual rental demand and competition in ZIP 83460.
The verdict for Section 8 in ZIP 83460 is inconclusive due to limited data, but the established FMR of $1,120 can guide landlords in setting competitive rents.
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.