ZIP 83404 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 83404 in the Idaho Falls, ID FMR area.

Idaho Falls, ID

$950Efficiency
$9901 bedroom
$1,1902 bedrooms
$1,6503 bedrooms
$1,9904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$950$855$1,045$1,013
1 bedroom$990$891$1,089$1,064
2 bedrooms$1,190$1,071$1,309$1,274
3 bedrooms$1,650$1,485$1,815$1,764
4 bedrooms$1,990$1,791$2,189$2,129

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

Bingham County, ID

$950Efficiency
$9901 bedroom
$1,1902 bedrooms
$1,6503 bedrooms
$1,9904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$950$855$1,045$772
1 bedroom$990$891$1,089$777
2 bedrooms$1,190$1,071$1,309$1,017
3 bedrooms$1,650$1,485$1,815$1,408
4 bedrooms$1,990$1,791$2,189$1,700

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

Income in ZIP 83404

$96,563average adjusted gross income per tax return (2022)
$57,826average salaries and wages per return
11,710tax returns filed
15%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.7%
$25,000 to $50,00020.8%
$50,000 to $75,00013.9%
$75,000 to $100,00010.3%
$100,000 to $200,00020.5%
$200,000 or more8.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 83404?

HUD's FY2027 Small Area FMRs for ZIP 83404 (Idaho Falls, ID) are $950 efficiency, $990 one bedroom, $1,190 two bedrooms, $1,650 three and $1,990 four bedrooms.

What payment standard can a housing authority set in ZIP 83404?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,071 to $1,309.

How affordable is rent in ZIP 83404?

Tax returns filed from ZIP 83404 reported an average adjusted gross income of $96,563 (2022). A two-bedroom unit at the Small Area FMR costs $14,280 a year, or 15% of that income.