83404

ZIPSAFMR

Bonneville County, ID

ZIP Investment Score

67Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$950	$950	5.5%
1 BR	$990	$980	2.8%
2 BR	$1,190	$1,180	2.3%
3 BR	$1,650	$1,810	1.9%
4 BR	$1,990	$2,010	1.9%
5 BR	$2,289	Not available	1.9%
6 BR	$2,632	Not available	1.9%
7 BR	$3,027	Not available	1.9%
8 BR	$3,481	Not available	1.9%

Purchase Price Calculator

Maximum purchase price

$113,431

Cost breakdown

+Likely effective rent$1,180

HUD FMR$1,190

Market rentUsed$1,180

Est. payment standard (99%)$1,180

-Principal and interest-$574

Loan amount$90,745

Down payment$22,686

Rate6.50%

Term30 years

-Operating costs-$406

Property taxes-$113

Insurance-$175

Utilities$0

HOA$0

Management-$118

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$19,173(84.5% ROI)

Projected value

$122,153

Return breakdown

Property appreciation+$8,722

Loan principal paid down+$3,251

Rental cash flow+$7,200

5-year hold

+$32,703(144.2% ROI)

Projected value

$128,337

Return breakdown

Property appreciation+$14,906

Loan principal paid down+$5,798

Rental cash flow+$12,000

10-year hold

+$69,585(306.7% ROI)

Projected value

$145,201

Return breakdown

Property appreciation+$31,770

Loan principal paid down+$13,815

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.00ratio

FMR$950

Market$950

vs market+$0

FMR is near market; voucher and private rents are aligned.

1.00

1 BR

1.01ratio

FMR$990

Market$980

vs market+$10

FMR is near market; voucher and private rents are aligned.

1.01

2 BR

1.01ratio

FMR$1,190

Market$1,180

vs market+$10

FMR is near market; voucher and private rents are aligned.

1.01

3 BR

0.87ratio

FMR$1,650

Market$1,890

vs market-$240

FMR is below market; voucher rent may lag private rents.

0.87

4 BR

0.99ratio

FMR$1,990

Market$2,020

vs market-$30

FMR is near market; voucher and private rents are aligned.

0.99

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 83404 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 83404 (Idaho Falls, ID) is $1,190 a month. That is down 2.5% from $1,220 in FY 2026. Idaho Falls is in the Idaho Falls, 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 $1,274. Among 15 ZIP codes in Bonneville County, 83404 has the 14th-highest two-bedroom rent (county range $1,180–$1,540). The median county two-bedroom FMR in Idaho is $1,127, so ZIP 83404 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 83404
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$970	$950	−2.1%	$855–$1,045
1BR	$1,020	$990	−2.9%	$891–$1,089
2BR	$1,220	$1,190	−2.5%	$1,071–$1,309
3BR	$1,700	$1,650	−2.9%	$1,485–$1,815
4BR	$2,050	$1,990	−2.9%	$1,791–$2,189

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 83404
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$950	$990	$1,190	$1,650	$1,990
FY 2026	$970	$1,020	$1,220	$1,700	$2,050
FY 2025	$1,000	$1,040	$1,260	$1,770	$2,120
FY 2024	$810	$910	$1,110	$1,560	$1,880
FY 2023	$730	$870	$1,070	$1,520	$1,820

Two-bedroom rent in nearby Bonneville County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 83404
83401	$1,290	+8.4%
83402	$1,180	−0.8%
83403	$1,260	+5.9%
83404Current	$1,190	—
83405	$1,260	+5.9%
83406	$1,490	+25.2%
83427	$1,540	+29.4%
83428	$1,360	+14.3%
83442	$1,380	+16.0%
83443	$1,310	+10.1%
83444	$1,480	+24.4%
83449	$1,310	+10.1%

Questions about ZIP 83404 rents

How much will Section 8 pay for a two-bedroom in ZIP 83404?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,274, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,147 to $1,401 a month; under the ZIP-level Small Area FMR of $1,190 it would be $1,071 to $1,309. 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 83404 in?

ZIP 83404 is in the Idaho Falls, ID HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,274.

How much did fair market rent change in ZIP 83404 for FY 2027?

The two-bedroom FMR fell 2.5%, from $1,220 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 11.2%.

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 rent Idaho Falls, ID fair market rent ID statewide rents What is SAFMR?Data sources