Location: Lincoln County, ID | Metro: Camas County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
U.S. Census Bureau data (2024)
The ZIP code 83327 is characterized by a relatively small population of 1,037 residents, with only 15.3% of them being renters. This suggests a primarily owner-occupied neighborhood where the majority of individuals have chosen to invest in property rather than renting. The median household income stands at $66,250, indicating a middle-class community that is financially stable but not exceptionally wealthy. Median home values in this area are notably high at $381,600, which reflects the quality and desirability of the housing stock.
When it comes to rental economics, the Fair Market Rent (FMR) for ZIP 83327 as of metro FY 2026 is set at $1,070. However, the actual market rent, according to the Census Bureau's American Community Survey (ACS), is slightly lower at $1,000 per month. This discrepancy between FMR and market rent could present an opportunity for landlords to either adjust their rents to align more closely with the FMR or to consider the potential for increasing rents without significantly impacting occupancy rates.
Given these economic factors, ZIP 83327 is likely to appeal more to a hands-on value-add buyer rather than a hands-off voucher operator. The relatively low percentage of renters and the high median home value suggest that there is a strong demand for homeownership in this area. For those considering investment, focusing on properties that can be improved or upgraded to command higher rents closer to the FMR would be a strategic approach. Additionally, targeting improvements that cater to first-time homeowners or those looking to move up the property ladder could be particularly effective.
In summary, while the neighborhood offers solid financial stability with a decent median income and high home values, the limited rental market and the gap between FMR and current market rents indicate a need for active management and value enhancement strategies to maximize returns on investment.
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.