Location: Bingham County, ID | Metro: Bingham County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 83262 reveals a market that offers a balance between yield and stability, making it neither a high-yield/low-stability flip-style market nor a purely steady-cashflow zone.
On the yield axis, the market presents a favorable opportunity for landlords. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which exceeds the market rent of $787. This suggests that landlords can potentially charge above-market rents under the Section 8 program, enhancing their yield. However, the median home value of $433,860 indicates that property acquisition costs are relatively high, tempering the overall yield potential compared to lower-cost markets.
Moving to the stability axis, the market shows mixed indicators. With only 18.6% of residents being renters, the rental demand is moderate, implying a degree of stability as there's a consistent base of tenants. Unfortunately, the lack of data on days on market (DOM) makes it difficult to assess how quickly properties can be leased out. On the positive side, the average income of $59,900 provides a reasonable level of financial security for tenants, supporting the likelihood of timely rent payments and reducing the risk of vacancy.
To summarize, ZIP 83262 offers a middle-ground scenario where landlords can benefit from higher-than-market rental rates due to the FMR, but must contend with higher property values and moderate rental demand. The average income figure supports tenant stability, balancing the potential risks associated with lower renter percentages. Therefore, this market is best suited for investors seeking a blend of yield and stability, rather than those looking exclusively for either high yields or steady cash flows.
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.