Location: Custer County, ID | Metro: Custer County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The rent math in ZIP 83227 does not work favorably for landlords. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,140. However, the market rent is listed as N/A, indicating a lack of recent data on actual rental prices in this specific area. Without accurate market rent figures, it's difficult to assess whether the FMR aligns with what tenants are willing to pay.
Acquisition of properties in ZIP 83227 is relatively affordable, with a median home value of $432,283. This figure suggests that purchasing a property here would be within reach for many investors, especially compared to larger metropolitan areas where home values can soar much higher. Unfortunately, the Days on Market (DOM) and the percentage of homes that have had their prices cut are also listed as N/A, which means we cannot provide a detailed analysis of how quickly homes sell or if there are frequent price reductions.
Tenant demand in ZIP 83227 is low, with a total population of only 200 and a renter share of 0.0%. This indicates that virtually all residents own their homes, leaving very little opportunity for rental income. A low population coupled with almost zero renters makes it challenging to find tenants willing to pay the FMR or even a competitive market rate.
Given the low tenant demand and the uncertain market rent conditions, investing in rental properties in ZIP 83227 is not advisable. While the median home value suggests affordability, the lack of renters and the small population size pose significant risks to achieving steady rental income. Landlords and investors should look elsewhere for better opportunities to ensure their investments are both profitable and sustainable.
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.