ZIP 83402 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 83402 in the Idaho Falls, ID FMR area.

Idaho Falls, ID

$940Efficiency
$9901 bedroom
$1,1802 bedrooms
$1,6403 bedrooms
$1,9804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$940$846$1,034$1,013
1 bedroom$990$891$1,089$1,064
2 bedrooms$1,180$1,062$1,298$1,274
3 bedrooms$1,640$1,476$1,804$1,764
4 bedrooms$1,980$1,782$2,178$2,129

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Bingham County, ID

$940Efficiency
$9901 bedroom
$1,1802 bedrooms
$1,6403 bedrooms
$1,9804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$940$846$1,034$772
1 bedroom$990$891$1,089$777
2 bedrooms$1,180$1,062$1,298$1,017
3 bedrooms$1,640$1,476$1,804$1,408
4 bedrooms$1,980$1,782$2,178$1,700

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 83402

$66,192average adjusted gross income per tax return (2022)
$46,693average salaries and wages per return
12,900tax returns filed
21%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00028.4%
$25,000 to $50,00026.7%
$50,000 to $75,00015.3%
$75,000 to $100,00010.9%
$100,000 to $200,00015.3%
$200,000 or more3.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 17.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 83402?

HUD's FY2027 Small Area FMRs for ZIP 83402 (Idaho Falls, ID) are $940 efficiency, $990 one bedroom, $1,180 two bedrooms, $1,640 three and $1,980 four bedrooms.

What payment standard can a housing authority set in ZIP 83402?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,062 to $1,298.

How affordable is rent in ZIP 83402?

Tax returns filed from ZIP 83402 reported an average adjusted gross income of $66,192 (2022). A two-bedroom unit at the Small Area FMR costs $14,160 a year, or 21% of that income.