Location: Minidoka County, ID | Metro: Cassia 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 | $890 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,580 | $416,711 | 0.38% | F |
| 4BR | $1,910 | $504,137 | 0.38% | F |
| 5BR | $2,216 | $665,107 | 0.33% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 83323 is poised for stability and potential growth, particularly when considering the median home value of $457,569. This figure suggests that the area has a solid foundation, with homes priced at a level that reflects both the local economy and housing demand. The fact that there is no percentage of listings being reduced and the median days on market (DOM) is not specified indicates a balanced market where neither buyers nor sellers hold overwhelming leverage. This equilibrium supports the notion that pricing power will remain steady over the next 12-24 months.
On the rental side, the Forward Market Rate (FMR) for ZIP 83323 is set at $1,150 for the fiscal year 2026, which contrasts with the current market rate of $899 as reported by the Census ACS. This gap signals an upward trajectory for rents, driven by anticipated increases in demand or cost of living adjustments. Landlords and small-portfolio investors can expect their rental income to grow closer to the FMR over time, enhancing the overall profitability of their investments.
For long-term investors, the setup implied by these data points suggests a realistic appreciation thesis. With stable home values and growing rental rates, the potential for capital appreciation exists, especially if the broader economic conditions improve. However, the lack of significant reductions in listing prices and unspecified DOM figures also indicate that rapid appreciation might not occur. Instead, investors should anticipate a gradual increase in property values, aligning with the rental market's expected rise towards the FMR.
Investors should consider diversifying their portfolios to include properties that offer both strong rental yields and the potential for appreciation. Properties near amenities, schools, and job centers are likely to see higher demand and thus better performance. Additionally, keeping abreast of local economic indicators and housing trends will be crucial for maintaining a competitive edge in the market.
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.