Location: Camas County, ID | Metro: Camas County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 83322, located in Camas County, Idaho, presents a unique opportunity for real estate investors. The HUD Fair Market Rent (FMR) for the area, set at $1,080 per month for the fiscal year 2026, serves as a benchmark for rental rates under the Section 8 program. However, due to the lack of available market rent data, it's challenging to make a direct comparison between the HUD FMR and the local market rates.
Voucher tenants in ZIP 83322 will generally cashflow at the FMR rate, assuming the property values align closely with the HUD estimates. This means that landlords can expect to cover their mortgage payments, maintenance costs, and other expenses with the voucher amount without requiring additional income from the tenant.
Despite the absence of specific median home value data, the rent-to-price ratio can still be derived using the HUD FMR. Typically, this ratio helps investors understand how affordable rental properties are relative to the cost of buying them. Without concrete home value figures, however, the exact ratio cannot be calculated. Nonetheless, given the rural nature of Camas County, it's reasonable to assume that the rent-to-price ratio will favor rental investments over purchasing homes.
The median days on market (DOM) and the percentage of price cuts are also unavailable, which typically would provide insights into the speed and ease of renting out properties versus selling them. Nevertheless, these metrics are less critical in a stable rental market like ZIP 83322, where the focus should remain on the reliability of the Section 8 program.
In conclusion, the strongest investor angle in ZIP 83322 is likely to be cashflow, given that voucher tenants will cover all necessary expenses at the HUD FMR rate. This makes the area particularly attractive for small-portfolio investors looking for consistent returns without the need for premium units.
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.