FY2027 Small Area FMR · Iona, ID

ZIP 83427 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 83427 (Iona, ID) is $1,540 a month, down 9.4% from FY2026. That is 21% above the Idaho Falls, ID area-wide FMR of $1,274.

2-bedroom SAFMR$1,540per month ▼ 9.4%

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

Rank in the area2ndof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,386

2 BR Small Area FMR$1,540

110% of SAFMR$1,694

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

Studio$1,220▼ 9.6%

1 BR$1,290▼ 9.8%

2 BR$1,540▼ 9.4%

3 BR$2,140▼ 9.7%

4 BR$2,570▼ 9.8%

FY2027 FY2026

Where 83427 sits in the Idaho Falls, ID area

Of the 22 ZIP codes HUD lists for the area, 83427 has the 2nd 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 $1,540 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	$1,220	$1,098 – $1,342	$1,013	$1,350
1 bedroom	$1,290	$1,161 – $1,419	$1,064	$1,430
2 bedrooms	$1,540	$1,386 – $1,694	$1,274	$1,700
3 bedrooms	$2,140	$1,926 – $2,354	$1,764	$2,370
4 bedrooms	$2,570	$2,313 – $2,827	$2,129	$2,850

A household renting a two-bedroom home at the Small Area FMR of $1,540 needs about $61,600 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 83427 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	3.0 mi	$1,290
83454	Ucon	4.7 mi	$1,290
83404	Idaho Falls	8.1 mi	$1,190
83406	Idaho Falls	8.2 mi	$1,490
83442	Rigby	10.3 mi	$1,380
83431	Lewisville	12.4 mi	$1,180

Questions

What is the Fair Market Rent for ZIP code 83427?

HUD's FY2027 Small Area Fair Market Rents for 83427 are $1,220 (studio), $1,290 (1 BR), $1,540 (2 BR), $2,140 (3 BR) and $2,570 (4 BR) a month.

What is the Section 8 payment standard in 83427?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 83427 that range is $1,386 to $1,694 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 83427?

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.