Location: Oneida County, ID | Metro: Oneida County, ID
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,110 | $261,685 | 0.42% | F |
| 3BR | $1,540 | $338,219 | 0.46% | F |
| 4BR | $1,860 | $384,078 | 0.48% | F |
| 5BR | $2,158 | $480,940 | 0.45% | F |
U.S. Census Bureau data (2024)
First, an investor might question whether the Fair Market Rent (FMR) of $1,100 can cover the mortgage on a $335,950 home. To determine this, we need to consider the prevailing mortgage rates and the typical down payment required. Assuming a standard 20% down payment, the mortgage amount would be around $268,760. With current average mortgage rates at approximately 6%, the monthly mortgage payment on such a loan would be roughly $1,600. This means that the FMR of $1,100 would not fully cover the mortgage payments. However, it's important to note that this calculation does not account for potential appreciation in property values or other income streams.
A second concern could be the level of renter demand, which stands at 11.9%. This figure suggests that a significant portion of the population in 83252 is renting rather than owning their homes. While 11.9% may seem low, it's crucial to understand that this percentage reflects the current housing situation. The actual number of renters can still support a viable investment if the vacancy rate is low and the competition among landlords is moderate. Unfortunately, the specific vacancy rate for 83252 is not readily available in the data provided.
Lastly, an investor might wonder if Housing Choice Vouchers will keep pace with the market rents of $859. The success of voucher usage in covering market rents depends on several factors, including the local economy, employment rates, and the availability of affordable housing. In 83252, the median home value is $226,600, indicating a relatively stable housing market. However, the data does not provide a direct comparison between voucher amounts and market rents. It's essential to monitor local trends and adjust rental pricing accordingly to ensure that voucher recipients can afford the units.
In summary, while the FMR of $1,100 may not fully cover the mortgage on a $335,950 home, the 11.9% renter demand and median home value of $226,600 suggest a stable environment for real estate investment. Continuous monitoring of local economic conditions and rental market trends is advised to make informed decisions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.