Location: Blaine County, ID | Metro: Blaine County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
U.S. Census Bureau data (2024)
The ZIP code 83348, located in Blaine County, Idaho, is predominantly a white neighborhood with a total population of 282 individuals. The median age of the residents is 26.3 years, indicating a young demographic. However, the median income and median home value for this area are not available, likely due to the small population size making it difficult to obtain a representative sample.
The Fair Market Rent (FMR) for ZIP 83348 in the fiscal year 2026 is set at $1,650. While the exact market rent is not specified, it can be inferred that the FMR is a benchmark used by the U.S. Department of Housing and Urban Development (HUD) to ensure that rental units are affordable to low-income families.
Given the demographic makeup and the lack of detailed income statistics, 83348 appears to be a suitable location for hands-off voucher operators. The young population and the availability of rental units suggest that there is a demand for affordable housing options. Landlords and small-portfolio investors should consider the potential for a steady stream of tenants who qualify for Section 8 vouchers, given the 20.3% of the population that are renters. However, the absence of precise market rent figures makes it challenging to determine whether there is significant room for value-add investments in this area.
To summarize, ZIP 83348 offers a young, predominantly white population with a significant portion of renters, making it a viable option for those interested in hands-off Section 8 operations. The average household income is reported to be $51,869, though this figure alone does not provide enough insight into the local rental market dynamics. Investors should proceed with caution and conduct thorough local market research before making any investment decisions.
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.