FY2027 Small Area FMR · Shelley, ID
ZIP 83274 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 83274 (Shelley, ID) is $1,250 a month, up 5.9% from FY2026. That is 2% below the Idaho Falls, ID area-wide FMR of $1,274.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 83274 sits in the Idaho Falls, ID area
Of the 22 ZIP codes HUD lists for the area, 83274 has the 15th highest two-bedroom Small Area FMR. Idaho Falls, 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 $1,274 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,250 for this ZIP code instead.
ZIP code 83274 crosses more than one HUD area. HUD also lists it under Bingham County, ID (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $950 | $855 – $1,045 | $1,013 | $940 |
| 1 bedroom | $990 | $891 – $1,089 | $1,064 | $980 |
| 2 bedrooms | $1,250 | $1,125 – $1,375 | $1,274 | $1,180 |
| 3 bedrooms | $1,730 | $1,557 – $1,903 | $1,764 | $1,660 |
| 4 bedrooms | $2,090 | $1,881 – $2,299 | $2,129 | $1,990 |
A household renting a two-bedroom home at the Small Area FMR of $1,250 needs about $50,000 a year to keep housing costs at 30% of income. The area median family income is $101,100 and the 80% low-income limit for four people is $80,900. ZIP code 83274 lies mainly in Bingham County and Bonneville County. See the Idaho Falls, ID metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 83274?
HUD's FY2027 Small Area Fair Market Rents for 83274 are $950 (studio), $990 (1 BR), $1,250 (2 BR), $1,730 (3 BR) and $2,090 (4 BR) a month.
What is the Section 8 payment standard in 83274?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 83274 that range is $1,125 to $1,375 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 83274?
The FY2026 income limits of the Idaho Falls, ID area apply: median family income $101,100, low-income (80%) limit $80,900 for a family of four.