FY2027 Small Area FMR · Boise, ID

ZIP 83704 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 83704 (Boise, ID) is $1,550 a month, down 6.6% from FY2026. That is 1% above the Boise City, ID area-wide FMR of $1,540.

2-bedroom SAFMR$1,550per month ▼ 6.6%

Area-wide 2 BR FMR$1,540Boise City, ID

Rank in the area23rdof 57 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,395

2 BR Small Area FMR$1,550

110% of SAFMR$1,705

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

Studio$1,160▼ 0.9%

1 BR$1,300▼ 6.5%

2 BR$1,550▼ 6.6%

3 BR$2,150▼ 7.3%

4 BR$2,590▼ 6.8%

FY2027 FY2026

Where 83704 sits in the Boise City, ID area

Of the 57 ZIP codes HUD lists for the area, 83704 has the 23rd highest two-bedroom Small Area FMR. Boise City, 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 $1,540 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,550 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	$1,160	$1,044 – $1,276	$1,152	$1,170
1 bedroom	$1,300	$1,170 – $1,430	$1,295	$1,390
2 bedrooms	$1,550	$1,395 – $1,705	$1,540	$1,660
3 bedrooms	$2,150	$1,935 – $2,365	$2,132	$2,320
4 bedrooms	$2,590	$2,331 – $2,849	$2,574	$2,780

A household renting a two-bedroom home at the Small Area FMR of $1,550 needs about $62,000 a year to keep housing costs at 30% of income. The area median family income is $110,700 and the 80% low-income limit for four people is $88,550. ZIP code 83704 lies mainly in Ada County. See the Boise City, ID metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
83713	Boise	2.5 mi	$1,830
83703	Boise	3.4 mi	$1,500
83706	Boise	5.2 mi	$1,580
83709	Boise	5.3 mi	$1,850
83705	Boise	5.7 mi	$1,500
83642	Meridian	6.8 mi	$1,660

Questions

What is the Fair Market Rent for ZIP code 83704?

HUD's FY2027 Small Area Fair Market Rents for 83704 are $1,160 (studio), $1,300 (1 BR), $1,550 (2 BR), $2,150 (3 BR) and $2,590 (4 BR) a month.

What is the Section 8 payment standard in 83704?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 83704 that range is $1,395 to $1,705 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 83704?

The FY2026 income limits of the Boise City, ID area apply: median family income $110,700, low-income (80%) limit $88,550 for a family of four.