Location: Gooding 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 Section 8 program in ZIP code 83337 offers a unique opportunity for landlords and small-portfolio investors looking to enter the rental market. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070. This figure represents the payment standard that the Housing Choice Voucher Program will use to reimburse landlords for renting units to eligible participants. It's important to note that this is not the amount you can charge as rent; it's the maximum reimbursement you'll receive from the government.
While specific local rent figures are not available, we can infer demand based on the fact that 75.0% of renters in the area rely on assistance programs like Section 8. This high percentage suggests a strong need for affordable housing, which could translate into steady occupancy rates for your property. However, the lack of detailed local rent data means you should conduct thorough research on comparable rental properties to ensure your rent is competitive yet profitable.
The acquisition cost of properties in this ZIP code is also not specified, but given the reliance on assistance programs, it's likely that there is a balance between affordability and quality. Landlords should consider the long-term benefits of stable tenants and government support versus the initial investment and ongoing maintenance costs.
Before proceeding with a Section 8 rental, the most critical verification step is to confirm the condition and compliance of your property with the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary, which is mandatory for participation in the Section 8 program. Failure to meet these standards can result in denial of participation or loss of vouchers.
In summary, the $1,070 FMR provides a clear benchmark for reimbursement, and the significant portion of renters relying on assistance signals a robust demand for affordable housing. Ensure your property meets HQS requirements to avoid any issues and capitalize on this opportunity.
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.