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 | $1,000 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,900 | $627,132 | 0.3% | F |
U.S. Census Bureau data (2024)
The ZIP code 83320 is part of a suburban neighborhood known for its relatively low population density, with only 1,600 residents. This area has a significant portion of its population renting, at 36.9%, indicating a mix of homeowners and tenants. The median household income here is $57,813, suggesting a middle-class community. Median home values are quite high at $572,716, which places this ZIP code among the higher-value residential areas.
From an investment perspective, the rental economics are compelling. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,220, while the current market rent, according to the Census Bureau's American Community Survey, stands at $1,063. This gap between FMR and market rent suggests potential for landlords who can manage properties effectively to attract Section 8 tenants and earn above-market rents.
Given these conditions, ZIP 83320 would be better suited for a hands-on value-add buyer rather than a hands-off voucher operator. Landlords should focus on property improvements and management strategies to capture the higher FMR rates. While the income levels are moderate, the high median home value implies that there is demand for quality housing, making it a good opportunity for those willing to invest in enhancing their properties to meet both Section 8 standards and the preferences of local renters.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.