FY2027 Small Area FMR · Terreton, ID

ZIP 83450 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 83450 (Terreton, ID) is $1,220 a month, down 8.3% from FY2026. That is 4% below the Idaho Falls, ID area-wide FMR of $1,274.

2-bedroom SAFMR$1,220per month ▼ 8.3%

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

Rank in the area16thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,098

2 BR Small Area FMR$1,220

110% of SAFMR$1,342

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

Studio$970▼ 7.6%

1 BR$1,020▼ 8.9%

2 BR$1,220▼ 8.3%

3 BR$1,690▼ 8.6%

4 BR$2,040▼ 8.5%

FY2027 FY2026

Where 83450 sits in the Idaho Falls, ID area

Of the 22 ZIP codes HUD lists for the area, 83450 has the 16th 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 $1,220 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	$970	$873 – $1,067	$1,013	$1,050
1 bedroom	$1,020	$918 – $1,122	$1,064	$1,120
2 bedrooms	$1,220	$1,098 – $1,342	$1,274	$1,330
3 bedrooms	$1,690	$1,521 – $1,859	$1,764	$1,850
4 bedrooms	$2,040	$1,836 – $2,244	$2,129	$2,230

A household renting a two-bedroom home at the Small Area FMR of $1,220 needs about $48,800 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 83450 lies mainly in Jefferson 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
83444	Roberts	9.3 mi	$1,480
83425	Hamer	9.9 mi	$1,200
83435	Monteview	13.6 mi	$1,840
83434	Menan	20.6 mi	$1,330
83431	Lewisville	21.0 mi	$1,180
83402	Idaho Falls	23.8 mi	$1,180

Questions

What is the Fair Market Rent for ZIP code 83450?

HUD's FY2027 Small Area Fair Market Rents for 83450 are $970 (studio), $1,020 (1 BR), $1,220 (2 BR), $1,690 (3 BR) and $2,040 (4 BR) a month.

What is the Section 8 payment standard in 83450?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 83450 that range is $1,098 to $1,342 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 83450?

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.