FY2027 Small Area FMR · Cobalt, ID

ZIP 83229 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 83229 (Cobalt, ID) is $1,040 a month, up 5.1% from FY2026. That is 0% equal to the Lemhi County, ID area-wide FMR of $1,037.

2-bedroom SAFMR$1,040per month ▲ 5.1%

Area-wide 2 BR FMR$1,037Lemhi County, ID

Rank in the area7thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$936

2 BR Small Area FMR$1,040

110% of SAFMR$1,144

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$890▲ 3.5%

1 BR$900▲ 2.3%

2 BR$1,040▲ 5.1%

3 BR$1,440▲ 4.3%

4 BR$1,740▲ 4.8%

FY2027 FY2026

Where 83229 sits in the Lemhi County, ID area

Of the 12 ZIP codes HUD lists for the area, 83229 has the 7th highest two-bedroom Small Area FMR. Lemhi County, ID is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,037 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,040 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$890	$801 – $979	$892	$860
1 bedroom	$900	$810 – $990	$898	$880
2 bedrooms	$1,040	$936 – $1,144	$1,037	$990
3 bedrooms	$1,440	$1,296 – $1,584	$1,436	$1,380
4 bedrooms	$1,740	$1,566 – $1,914	$1,733	$1,660

A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $78,500 and the 80% low-income limit for four people is $70,400. ZIP code 83229 lies mainly in Lemhi County. See the Lemhi County, ID county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
83467	Salmon	18.1 mi	$1,040
83469	Shoup	19.1 mi	$1,280
83466	North Fork	24.4 mi	$1,180
83462	Carmen	25.1 mi	$1,060
83226	Challis	29.0 mi	$1,140
83468	Tendoy	33.4 mi	$1,050

Questions

What is the Fair Market Rent for ZIP code 83229?

HUD's FY2027 Small Area Fair Market Rents for 83229 are $890 (studio), $900 (1 BR), $1,040 (2 BR), $1,440 (3 BR) and $1,740 (4 BR) a month.

What is the Section 8 payment standard in 83229?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 83229 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 83229?

The FY2026 income limits of the Lemhi County, ID area apply: median family income $78,500, low-income (80%) limit $70,400 for a family of four.