83724

ZIPSAFMR

Ada County, ID

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,200	$1,230	5.6%
1 BR	$1,350	$1,400	4.9%
2 BR	$1,600	$1,760	3.8%
3 BR	$2,220	$2,440	3.2%
4 BR	$2,670	$2,940	4.1%
5 BR	$3,070	Not available	4.0%
6 BR	$3,531	Not available	4.1%
7 BR	$4,061	Not available	4.1%
8 BR	$4,670	Not available	4.1%

Purchase Price Calculator

Maximum purchase price

$199,619

Cost breakdown

+Likely effective rent$1,760

HUD FMR$1,600

Market rent$1,990

Est. payment standard (110%)Used$1,760

-Principal and interest-$1,009

Loan amount$159,695

Down payment$39,924

Rate6.50%

Term30 years

-Operating costs-$551

Property taxes-$200

Insurance-$175

Utilities$0

HOA$0

Management-$176

=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

+$28,270(70.8% ROI)

Projected value

$214,968

Return breakdown

Property appreciation+$15,349

Loan principal paid down+$5,721

Rental cash flow+$7,200

5-year hold

+$48,434(121.3% ROI)

Projected value

$225,850

Return breakdown

Property appreciation+$26,232

Loan principal paid down+$10,203

Rental cash flow+$12,000

10-year hold

+$104,222(261.1% ROI)

Projected value

$255,529

Return breakdown

Property appreciation+$55,910

Loan principal paid down+$24,312

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.97ratio

FMR$1,200

Market$1,240

vs market-$40

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

0.97

1 BR

0.95ratio

FMR$1,350

Market$1,420

vs market-$70

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

0.95

2 BR

0.80ratio

FMR$1,600

Market$1,990

vs market-$390

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

0.80

3 BR

0.83ratio

FMR$2,220

Market$2,660

vs market-$440

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

0.83

4 BR

0.77ratio

FMR$2,670

Market$3,470

vs market-$800

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

0.77

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 83724 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 83724 (Boise, ID) is $1,600 a month. That is down 6.4% from $1,710 in FY 2026. Boise 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 27 ZIP codes in Ada County, 83724 is tied for the 9th-highest two-bedroom rent (county range $1,500–$2,090). The median county two-bedroom FMR in Idaho is $1,127, so ZIP 83724 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 83724
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,230	$1,200	−2.4%	$1,080–$1,320
1BR	$1,440	$1,350	−6.2%	$1,215–$1,485
2BR	$1,710	$1,600	−6.4%	$1,440–$1,760
3BR	$2,400	$2,220	−7.5%	$1,998–$2,442
4BR	$2,870	$2,670	−7.0%	$2,403–$2,937

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 83724
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,200	$1,350	$1,600	$2,220	$2,670
FY 2026	$1,230	$1,440	$1,710	$2,400	$2,870
FY 2025	$1,340	$1,590	$1,900	$2,660	$3,180
FY 2024	$1,020	$1,170	$1,430	$2,020	$2,370
FY 2023	$950	$1,080	$1,340	$1,880	$2,210

Two-bedroom rent in nearby Ada County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 83724
83709	$1,850	+15.6%
83711	$1,600	0.0%
83712	$1,500	−6.2%
83713	$1,830	+14.4%
83714	$1,550	−3.1%
83715	$1,600	0.0%
83716	$2,090	+30.6%
83717	$1,600	0.0%
83719	$1,600	0.0%
83720	$1,600	0.0%
83724Current	$1,600	—
83725	$1,600	0.0%

Questions about ZIP 83724 rents

How much will Section 8 pay for a two-bedroom in ZIP 83724?

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 $1,600 it would be $1,440 to $1,760. 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 83724 in?

ZIP 83724 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 83724 for FY 2027?

The two-bedroom FMR fell 6.4%, from $1,710 in FY 2026 to $1,600 in FY 2027. Since FY 2023 it has risen 19.4%.

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