Location: Power County, ID | Metro: Oneida County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 83212, located in Power County, Idaho, reveals several key insights that can inform investment decisions. The HUD Fair Market Rent (FMR) for this area in fiscal year 2024 is set at $920. However, the market rent data is currently unavailable, which makes it challenging to provide a direct comparison between the two figures.
Based on the HUD FMR alone, voucher tenants in ZIP 83212 would typically cashflow at the FMR rate, assuming the FMR is below the average market rent. In the absence of market rent data, we cannot definitively state the cashflow potential, but given the rural nature of the region, it's reasonable to infer that the FMR could be competitive with market rents, leading to positive cashflow scenarios.
The median home value in ZIP 83212 is also currently unavailable, which means deriving an exact rent-to-price ratio is not possible. Nonetheless, the lack of recent sales data suggests that the housing market might be less active, which could indicate stability rather than significant appreciation potential. This stability can be advantageous for long-term investors who prioritize consistent cashflow over rapid capital gains.
Further, the median Days on Market (DOM) and the percentage of homes that experience price cuts before selling are not available. These metrics would be crucial in understanding the rent-versus-buy dynamics in the area. Without these figures, we must rely on the general trends observed in similar rural markets, where low turnover and stable pricing are common.
The strongest angle for Section 8 investors in ZIP 83212 is likely cashflow. Given the HUD FMR of $920, securing properties at or below this figure would allow investors to achieve positive cashflow without relying on premium units or extensive renovations. Stability in the housing market further supports this investment strategy, ensuring that rental income remains predictable and reliable over time.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.