Location: Blaine County, ID | Metro: Blaine 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 | $1,200 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,730 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,890 |
| 5 Bedrooms | $3,352 |
| 6 Bedrooms | $3,754 |
| 7 Bedrooms | $4,054 |
| 8 Bedrooms | $4,257 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,730 | $623,323 | 0.28% | F |
| 3BR | $2,260 | $704,151 | 0.32% | F |
| 4BR | $2,890 | $967,957 | 0.3% | F |
U.S. Census Bureau data (2024)
ZIP code 83313, located in Bellevue, ID, represents a neighborhood with a total population of 3,692 residents. Approximately 31.8% of these residents are renters, indicating a moderate demand for rental properties. The median household income in this area is strong at $74,575, suggesting that most residents have the financial means to afford housing. However, the median home value stands at $718,496, which is quite high and may limit homeownership opportunities for some.
The economic landscape of ZIP 83313 presents an interesting scenario for investors interested in Section 8 housing. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,820, whereas the current market rent, according to the Census Bureau's American Community Survey, is $1,156. This significant gap between the FMR and the actual market rent highlights a potential opportunity for landlords who can capitalize on the higher voucher payments without setting rents beyond what local tenants can afford.
Given these figures, ZIP 83313 would likely appeal to both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the higher FMR compared to market rent means they can receive above-average rental income without the need for extensive property management. On the other hand, value-add buyers might find opportunities to renovate homes and increase their value, thereby justifying higher rents that still fall below the FMR. This dual attractiveness makes ZIP 83313 a strategic choice for real estate investors looking to enter the Section 8 market in Bellevue, ID.
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.