Location: Custer County, ID | Metro: Custer County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,510 |
| 5 Bedrooms | $2,912 |
| 6 Bedrooms | $3,261 |
| 7 Bedrooms | $3,522 |
| 8 Bedrooms | $3,698 |
U.S. Census Bureau data (2024)
In ZIP 83251, which encompasses Mackay, ID, the Fair Market Rent (FMR) for Section 8 eligibility stands at $1,330 for the metro area in fiscal year 2026. Despite the lack of specific market rent data, the median home value of $315,445 suggests a stable housing market. With a renter share of 20.7%, it's evident that a significant portion of the population relies on rental properties. The median income of $73,482 indicates the financial capacity of residents but does not directly correlate with rental demand or pricing. Given the absence of day DOM (days on market) and price-cut share percentages, it's challenging to assess the current liquidity and price sensitivity of the housing market. However, the combination of a defined FMR and a known median home value provides a solid foundation for investment analysis. For landlords and small-portfolio investors, the Section 8 program offers a guaranteed source of income, mitigating the risks associated with tenant default. The stability offered by the program, coupled with the area's median home value, makes it a viable option for those looking to secure long-term rental income. Despite the limited availability of certain metrics, the overall economic indicators suggest a favorable environment for Section 8 participation. The guaranteed rent of $1,330 aligns well with the local economic conditions, ensuring steady cash flow for property owners. In conclusion, for ZIP 83251, the Section 8 program presents a reliable investment opportunity.
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.