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 83650 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 83650 (Murphy, ID) is $1,500 a month. That is down 9.6% from $1,660 in FY 2026. Murphy is in the Boise City, 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 $1,540. Among 8 ZIP codes in Owyhee County, 83650 is tied for the highest two-bedroom rent (county range $1,500–$1,500). The median county two-bedroom FMR in Idaho is $1,127, so ZIP 83650 is 33% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 83650
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,060
−9.4%
$954–$1,166
1BR
$1,390
$1,260
−9.4%
$1,134–$1,386
2BR
$1,660
$1,500
−9.6%
$1,350–$1,650
3BR
$2,320
$2,090
−9.9%
$1,881–$2,299
4BR
$2,780
$2,510
−9.7%
$2,259–$2,761
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 83650
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,060
$1,260
$1,500
$2,090
$2,510
FY 2026
$1,170
$1,390
$1,660
$2,320
$2,780
FY 2025
$900
$1,070
$1,270
$1,780
$2,120
FY 2024
$840
$960
$1,180
$1,660
$1,950
FY 2023
$710
$810
$1,010
$1,420
$1,660
Questions about ZIP 83650 rents
How much will Section 8 pay for a two-bedroom in ZIP 83650?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,540, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,386 to $1,694 a month; under the ZIP-level Small Area FMR of $1,500 it would be $1,350 to $1,650. 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 83650 in?
ZIP 83650 is in the Boise City, ID HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,540.
How much did fair market rent change in ZIP 83650 for FY 2027?
The two-bedroom FMR fell 9.6%, from $1,660 in FY 2026 to $1,500 in FY 2027. Since FY 2023 it has risen 48.5%.
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