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Twin Falls County/Castleford/83321

83321

ZIPSAFMR
Twin Falls County, ID
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$870$870
1 BR$960$960
2 BR$1,250$1,250
3 BR$1,730$1,730
4 BR$2,090$2,090
5 BR$2,404Not available
6 BR$2,764Not available
7 BR$3,179Not available
8 BR$3,655Not available

Purchase Price Calculator

Maximum purchase price
$123,833

Cost breakdown

+Likely effective rent$1,250
HUD FMRUsed$1,250
Market rentN/A
Est. payment standardN/A
-Principal and interest-$626
Loan amount$99,066
Down payment$24,767
Rate6.50%
Term30 years
-Operating costs-$424
Property taxes-$124
Insurance-$175
Utilities$0
HOA$0
Management-$125
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,271(81.8% ROI)
Projected value
$133,355
Return breakdown
Property appreciation+$9,522
Loan principal paid down+$3,549
Rental cash flow+$7,200
5-year hold
+$34,602(139.7% ROI)
Projected value
$140,106
Return breakdown
Property appreciation+$16,273
Loan principal paid down+$6,329
Rental cash flow+$12,000
10-year hold
+$73,765(297.8% ROI)
Projected value
$158,517
Return breakdown
Property appreciation+$34,684
Loan principal paid down+$15,082
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 83321 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 83321 (Castleford, ID) is $1,250 a month. That is down 3.1% from $1,290 in FY 2026. Castleford is in the Twin Falls County, ID HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,285. Among 10 ZIP codes in Twin Falls County, 83321 is tied for the 7th-highest two-bedroom rent (county range $1,160–$1,500). The median county two-bedroom FMR in Idaho is $1,127, so ZIP 83321 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 83321
BedroomsFY 2027Change90–110% range
Studio$870−2.2%$783–$957
1BR$960−2.0%$864–$1,056
2BR$1,250−3.1%$1,125–$1,375
3BR$1,730−3.4%$1,557–$1,903
4BR$2,090−3.2%$1,881–$2,299

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 83321
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$870$960$1,250$1,730$2,090
FY 2026$890$980$1,290$1,790$2,160
FY 2025$880$980$1,290$1,810$2,170
FY 2024$700$780$1,030$1,450$1,750
FY 2023$650$740$970$1,360$1,600

Two-bedroom rent in nearby Twin Falls County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 83321
83301$1,260+0.8%
83302$1,500+20.0%
83303$1,290+3.2%
83316$1,500+20.0%
83321Current$1,250—
83328$1,440+15.2%
83332$1,160−7.2%
83334$1,160−7.2%
83341$1,2500.0%
83344$1,340+7.2%

Questions about ZIP 83321 rents

How much will Section 8 pay for a two-bedroom in ZIP 83321?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,285, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,157 to $1,414 a month; under the ZIP-level Small Area FMR of $1,250 it would be $1,125 to $1,375. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 83321 in?

ZIP 83321 is in the Twin Falls County, ID HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,285.

How much did fair market rent change in ZIP 83321 for FY 2027?

The two-bedroom FMR fell 3.1%, from $1,290 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 28.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentCastleford, ID fair market rentID statewide rentsWhat is SAFMR?Data sources