Location: Lemhi County, ID | Metro: Lemhi County, ID
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,460 | $648,675 | 0.23% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 83462 are straightforward. For a two-bedroom apartment, the SAFMR (Standard Area Fair Market Rent) for FY 2026 is set at $1,020. This figure represents the maximum amount that the Section 8 program will pay towards the rent of a two-bedroom unit in this specific ZIP code.
To understand what a landlord can expect from a voucher, it's essential to factor in the tenant portion and utility allowances. Typically, tenants contribute 30% of their adjusted income toward rent. If we assume an average adjusted income of $2,000 per month, the tenant would contribute $600. Utility allowances vary but generally cover a portion of the tenant's electricity, gas, water, and sewer costs. These allowances are usually around $300 per month for a two-bedroom unit.
Therefore, the total reimbursement a landlord might receive from a Section 8 voucher for a two-bedroom apartment would be the sum of the SAFMR and the utility allowance. In this case, it would be $1,020 (SAFMR) + $300 (utility allowance) = $1,320. However, since the local market rent data is currently unavailable, it's difficult to provide an exact comparison between the voucher reimbursement and the actual market rates.
If the local market rent were higher than the SAFMR, there would be a reimbursement gap. Landlords would need to consider this gap when deciding whether to accept Section 8 tenants. Conversely, if the market rent were lower than the SAFMR, landlords could potentially see a surplus, where the voucher payment exceeds the market rent.
Given the SAFMR of $1,020, landlords should prepare for a potential reimbursement gap unless they can find evidence that local market rents are below this level. To make informed decisions, landlords must research the local rental market and compare it against the SAFMR to determine if accepting Section 8 vouchers aligns with their financial goals.
In summary, for a two-bedroom apartment in ZIP 83462, landlords can expect a total reimbursement of $1,320 from a Section 8 voucher, which includes the SAFMR and utility allowances. The presence of a reimbursement gap or surplus depends on the actual local market rent, which needs to be determined independently.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.