Location: Bear Lake County, ID | Metro: Bear Lake County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 83261 presents a unique set of conditions that are crucial for both landlords and small-portfolio investors to consider. The median home value stands at $335,258, which is a key figure for understanding the property values in this area.
Despite the median home value, there's currently no percentage of listings that have been reduced, indicating that sellers are maintaining their asking prices. This could suggest a stable market where homeowners are confident in the value of their properties. However, without a specific percentage for days on market (DOM), it's challenging to gauge the overall health of the sales market. A lower DOM would typically indicate a faster-moving market, whereas a higher DOM might suggest that homes are taking longer to sell, potentially due to higher prices or other market conditions.
Moving to the rental side, the Fair Market Rent (FMR) for ZIP 83261 is projected to be $970 for fiscal year 2026, while the current market rent is estimated at $1,069. This gap between the FMR and the actual market rent suggests that the rental market is currently above fair market levels. For landlords, this means that there is potential to maintain current rents or even see slight increases, as long as the market remains robust.
Long-term investors should take note of the appreciation thesis in ZIP 83261. Given the current market conditions, where home values are steady and rents are above FMR, it's reasonable to expect some level of appreciation over the next 12-24 months. However, the exact rate of appreciation cannot be determined solely from these figures. Other factors such as local economic growth, job creation, and population changes will also play significant roles in determining future property values.
In summary, the data points to a market where pricing power is likely to remain strong for the near term. Landlords can leverage the current high rental rates, and small-portfolio investors can anticipate some degree of asset appreciation, contingent upon broader economic trends and local demand dynamics.
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.