Location: Lemhi County, ID | Metro: Lemhi County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
U.S. Census Bureau data (2024)
The Section 8 program in ZIP code 83469 offers a clear financial framework for landlords and small-portfolio investors interested in participating. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,180. This figure represents the payment standard, which is the amount the government will pay towards a tenant's rent, not the total rent you can charge.
While the local market rent is listed as N/A, we can infer several important points. The fact that the renter share is 0.0% suggests that there is no additional income required from tenants beyond the government subsidy, indicating strong demand for affordable housing in the area. However, since the local market rent is not available, it is crucial to understand that the government's payment of $1,180 is based on the typical rents for the area, and your property must be competitively priced to attract tenants.
The acquisition cost for properties in this ZIP code is also listed as N/A. This implies that while there might be opportunities to purchase properties at reasonable prices, specific data on recent sales or average property values is not currently available. As an investor, you should focus on finding properties that offer a good balance between cost and the potential for long-term stability and low turnover rates.
To make an informed decision, verify that your property meets the Housing Quality Standards (HQS) set by the Department of Housing and Urban Development (HUD). These standards ensure that the home is safe, decent, and sanitary for tenants, and passing this inspection is a prerequisite for participation in the Section 8 program.
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.