Location: Gooding County, ID | Metro: Twin Falls County, ID HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
U.S. Census Bureau data (2024)
The ZIP code 83314, located in Bliss, ID within Gooding County, can be a valuable addition to a Section 8 portfolio strategy due to its characteristics as a cash-flow anchor. The Fair Market Rent (FMR) for FY 2024 in this ZIP code is set at $980, which is slightly higher than the current market rent of $967. This means that properties in ZIP 83314 can generate stable rental income for landlords who participate in the Section 8 program.
Moreover, the median home value in ZIP 83314 is $524,498, which is significantly higher than the average home value of $311,100. However, the higher median home value does not affect the rental income potential since the FMR is above the market rent. Additionally, the median household income in ZIP 83314 is $66,771, indicating a modest economic base that aligns well with the income levels of potential Section 8 tenants.
ZIP 83314 stands out as a cash-flow anchor because it ensures a steady stream of rental income, which is critical for landlords and small-portfolio investors. The slight premium of the FMR over the market rent helps to cover maintenance costs and other expenses associated with property management. Furthermore, the relatively low poverty rate of 8.42% suggests that the community is economically stable, reducing the risk of tenant default on rent payments.
While the data does not provide specific percentages for price-cut shares or days on market (DOM), the focus should remain on the solid rental income potential rather than speculative appreciation plays. Given the 24.6% renter share, there is a significant portion of the population that could benefit from the Section 8 program, making ZIP 83314 a reliable choice for those seeking consistent returns.
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.