Location: Lincoln County, ID | Metro: Lincoln County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
ZIP code 83324, located within the Lincoln County, ID metro area, presents an interesting mix of characteristics that define its position within the local real estate market. The Fair Market Rent (FMR) for the area is set at $1,000 for fiscal year 2026, which is higher than the market rent of $856. This suggests that 83324 could be considered a premium sub-market due to the higher FMR, indicating that the government considers it a relatively expensive area for rental housing.
The absence of home value data for ZIP 83324 makes direct comparisons to other areas within Lincoln County challenging. However, the 18.6% renter share is a significant point of analysis. In many cases, a higher renter share can signal a greater presence of subsidized housing, such as Section 8, which attracts tenants who might otherwise struggle to afford housing in the area. This is particularly relevant when combined with the below-FMR market rent, which could indicate that 83324 is a sweet spot for Section 8 participants and landlords looking to benefit from the subsidy while maintaining a competitive edge in the market.
To provide a clearer picture, we need to look at the typical characteristics of other ZIP codes within Lincoln County, ID. For instance, if the average renter share across the county is lower, then 83324 stands out as having a notably larger proportion of renters, likely influenced by the availability of subsidized housing options. Conversely, if the market rents across the county are generally higher than $856, then 83324 would be seen as a value pocket, offering more affordable housing options to those eligible for Section 8 subsidies.
In summary, based on the given figures, ZIP 83324 appears to be a premium sub-market with respect to FMR, but it also has elements of a value pocket due to its below-FMR market rent and high renter share. These factors suggest that it could be a particularly attractive area for landlords and investors interested in Section 8 properties, as it balances higher potential rental income with the accessibility offered by subsidized housing programs.
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.