FY2027 Small Area FMR · Wallace, ID
ZIP 83873 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 83873 (Wallace, ID) is $1,020 a month, up 5.2% from FY2026. That is 15% below the Shoshone County, ID area-wide FMR of $1,202.
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 83873 sits in the Shoshone County, ID area
Of the 15 ZIP codes HUD lists for the area, 83873 has the 14th highest two-bedroom Small Area FMR. Shoshone County, 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 $1,202 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $770 | $693 – $847 | $913 | $720 |
| 1 bedroom | $780 | $702 – $858 | $919 | $740 |
| 2 bedrooms | $1,020 | $918 – $1,122 | $1,202 | $970 |
| 3 bedrooms | $1,250 | $1,125 – $1,375 | $1,479 | $1,170 |
| 4 bedrooms | $1,710 | $1,539 – $1,881 | $2,009 | $1,640 |
A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $72,300 and the 80% low-income limit for four people is $70,400. ZIP code 83873 lies mainly in Shoshone County. See the Shoshone County, ID county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 83873?
HUD's FY2027 Small Area Fair Market Rents for 83873 are $770 (studio), $780 (1 BR), $1,020 (2 BR), $1,250 (3 BR) and $1,710 (4 BR) a month.
What is the Section 8 payment standard in 83873?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 83873 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 83873?
The FY2026 income limits of the Shoshone County, ID area apply: median family income $72,300, low-income (80%) limit $70,400 for a family of four.