Location: Lemhi County, ID | Metro: Custer County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The ZIP code 83253, located in Idaho, presents a unique scenario for landlords and small-portfolio investors due to its distinct data signature. With only 112 residents, it stands out as a sparsely populated area. The rental rate of 19.4% indicates that nearly one-fifth of the population rents their homes, which is relatively low compared to many other areas but still significant for local landlords. However, the lack of reported median income and median home value data suggests that this ZIP code might be underrepresented in broader economic analyses, making it an intriguing niche market.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990. This figure is crucial for landlords who participate in the Section 8 program, as it dictates the maximum rent allowable for subsidized units. Unfortunately, the absence of market rent data for ZIP 83253 means that direct comparisons cannot be made. This gap highlights the need for landlords to conduct thorough local market research to understand how the FMR aligns with actual rental rates in the area.
The data signature for ZIP 83253 reads as "transitional." Given the limited population and the lack of detailed economic indicators, the area likely experiences frequent changes in housing demand and supply dynamics. Landlords and small-portfolio investors should remain flexible and attentive to local trends to capitalize on opportunities presented by the Section 8 program while navigating the uncertainties of a transitional market.
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.