FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR
0.94ratio
FMR$1,070
Market$1,140
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR
0.94ratio
FMR$1,160
Market$1,230
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR
0.87ratio
FMR$1,610
Market$1,850
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR
0.85ratio
FMR$1,900
Market$2,230
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.85
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 83460 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 83460 (Rexburg, ID) is $1,160 a month. That is up 3.6% from $1,120 in FY 2026. Rexburg is in the Madison County, ID non-metropolitan 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 county-wide two-bedroom FMR of $1,159. Among 9 ZIP codes in Madison County, 83460 is tied for the 6th-highest two-bedroom rent (county range $1,010–$1,500). The median county two-bedroom FMR in Idaho is $1,127, so ZIP 83460 is 3% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 83460
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$980
$1,020
+4.1%
$918–$1,122
1BR
$1,020
$1,070
+4.9%
$963–$1,177
2BR
$1,120
$1,160
+3.6%
$1,044–$1,276
3BR
$1,560
$1,610
+3.2%
$1,449–$1,771
4BR
$1,820
$1,900
+4.4%
$1,710–$2,090
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 83460
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,070
$1,160
$1,610
$1,900
FY 2026
$980
$1,020
$1,120
$1,560
$1,820
FY 2025
$860
$890
$990
$1,390
$1,630
FY 2024area FMR
$916
$929
$1,057
$1,490
$1,794
FY 2023area FMR
$805
$806
$930
$1,322
$1,584
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Madison County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 83460?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,159, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,043 to $1,275 a month; under the ZIP-level Small Area FMR of $1,160 it would be $1,044 to $1,276. 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 83460 in?
ZIP 83460 is in the Madison County, ID non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,159.
How much did fair market rent change in ZIP 83460 for FY 2027?
The two-bedroom FMR rose 3.6%, from $1,120 in FY 2026 to $1,160 in FY 2027. Since FY 2025 it has risen 17.2%.
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