Section 8 Fair Market Rent (FMR) for ZIP 83671 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 83671, located in Idaho, is a region characterized by its rural setting and relatively low population density. This area offers unique opportunities for real estate investment, particularly for those interested in Section 8 housing, which is subsidized by the federal government to help low-income families afford decent housing.

• Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,050. This figure represents the maximum amount that a Section 8 tenant can pay towards their monthly rent, making it a critical benchmark for landlords considering participation in the program.
• The median home value in the area is not available. Without this data, it's challenging to assess the typical property values in ZIP 83671, but the lack of median rent data suggests a less developed rental market.
• The percentage of residents who are renters is not available. This statistic would provide insight into the demand for rental properties, including those that might be suitable for Section 8 tenants.
• The median income for the area is also not available. Understanding the local economic conditions is crucial for gauging the potential number of eligible Section 8 applicants in the region.
• The average days on the market (DOM) for properties is not available. This metric would help investors understand how quickly properties typically sell in the area, indicating the pace of the real estate market.

Given the available data, investors should note that the Fair Market Rent for the area stands at $1,050, which sets the upper limit for what Section 8 tenants can contribute to rent payments. The absence of key metrics such as median home value, renter share, and median income indicates a less mature market, which could present both challenges and opportunities. Landlords and small-portfolio investors must conduct thorough research to understand the local economic conditions and rental market dynamics before making investment decisions in ZIP 83671.

Data Sources: FMR data from HUD (2027).

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.