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Jefferson County/Lewisville/83431

83431

ZIPSAFMR
Jefferson County, ID
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$940$940
1 BR$990$990
2 BR$1,180$1,180
3 BR$1,640$1,640
4 BR$1,980$1,980
5 BR$2,277Not available
6 BR$2,619Not available
7 BR$3,011Not available
8 BR$3,463Not available

Purchase Price Calculator

Maximum purchase price
$113,431

Cost breakdown

+Likely effective rent$1,180
HUD FMRUsed$1,180
Market rentN/A
Est. payment standardN/A
-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

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

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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
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Mortgage rate
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ZIP 83431 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 83431 (Lewisville, ID) is $1,180 a month. That is unchanged from FY 2026. Lewisville 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 11 ZIP codes in Jefferson County, 83431 is tied for the 9th-highest two-bedroom rent (county range $1,180–$1,840). The median county two-bedroom FMR in Idaho is $1,127, so ZIP 83431 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 83431
BedroomsFY 2027Change90–110% range
Studio$9400.0%$846–$1,034
1BR$990+1.0%$891–$1,089
2BR$1,1800.0%$1,062–$1,298
3BR$1,640−1.2%$1,476–$1,804
4BR$1,980−0.5%$1,782–$2,178

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 83431
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$940$990$1,180$1,640$1,980
FY 2026$940$980$1,180$1,660$1,990
FY 2025$980$1,030$1,240$1,740$2,080
FY 2024$780$870$1,060$1,490$1,800
FY 2023$680$810$1,000$1,420$1,700

Two-bedroom rent in nearby Jefferson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 83431
83401$1,290+9.3%
83402$1,1800.0%
83423$1,1800.0%
83425$1,200+1.7%
83431Current$1,180—
83434$1,330+12.7%
83435$1,840+55.9%
83442$1,380+16.9%
83443$1,310+11.0%
83444$1,480+25.4%
83450$1,220+3.4%

Questions about ZIP 83431 rents

How much will Section 8 pay for a two-bedroom in ZIP 83431?

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 $1,180 it would be $1,062 to $1,298. 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 83431 in?

ZIP 83431 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 83431 for FY 2027?

The two-bedroom FMR was unchanged at $1,180 in FY 2027. Since FY 2023 it has risen 18.0%.

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