FY2027 Small Area FMR · Idaho Falls, ID

ZIP 83406 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 83406 (Idaho Falls, ID) is $1,490 a month, down 0.7% from FY2026. That is 17% above the Idaho Falls, ID area-wide FMR of $1,274.

2-bedroom SAFMR$1,490per month ▼ 0.7%

Area-wide 2 BR FMR$1,274Idaho Falls, ID

Rank in the area3rdof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,341

2 BR Small Area FMR$1,490

110% of SAFMR$1,639

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

Studio$1,180▼ 0.8%

1 BR$1,240▼ 1.6%

2 BR$1,490▼ 0.7%

3 BR$2,060▼ 1.4%

4 BR$2,490▼ 1.2%

FY2027 FY2026

Where 83406 sits in the Idaho Falls, ID area

Of the 22 ZIP codes HUD lists for the area, 83406 has the 3rd 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 $1,490 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	$1,180	$1,062 – $1,298	$1,013	$1,190
1 bedroom	$1,240	$1,116 – $1,364	$1,064	$1,260
2 bedrooms	$1,490	$1,341 – $1,639	$1,274	$1,500
3 bedrooms	$2,060	$1,854 – $2,266	$1,764	$2,090
4 bedrooms	$2,490	$2,241 – $2,739	$2,129	$2,520

A household renting a two-bedroom home at the Small Area FMR of $1,490 needs about $59,600 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 83406 lies mainly in Bonneville County. See the Idaho Falls, ID metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
83401	Idaho Falls	7.6 mi	$1,290
83427	Iona	8.2 mi	$1,540
83404	Idaho Falls	10.1 mi	$1,190
83454	Ucon	12.4 mi	$1,290
83443	Ririe	15.5 mi	$1,310
83274	Shelley	15.8 mi	$1,250

Questions

What is the Fair Market Rent for ZIP code 83406?

HUD's FY2027 Small Area Fair Market Rents for 83406 are $1,180 (studio), $1,240 (1 BR), $1,490 (2 BR), $2,060 (3 BR) and $2,490 (4 BR) a month.

What is the Section 8 payment standard in 83406?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 83406 that range is $1,341 to $1,639 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 83406?

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.