Location: Teton County, ID | Metro: Teton County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,270 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,400 |
| 5 Bedrooms | $2,784 |
| 6 Bedrooms | $3,118 |
| 7 Bedrooms | $3,367 |
| 8 Bedrooms | $3,535 |
U.S. Census Bureau data (2024)
The ZIP code 83424, located in Teton County, Idaho, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. This classification is based on the high median home value of $886,796 and the lack of available rental market data, which suggests a predominantly owner-occupied area.
A cash-flow anchor provides stable, predictable income streams. In the context of Section 8, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,320. While there is no specific market rental data available for ZIP 83424, the high median home value indicates that the area is likely to have higher-than-average rental rates. Landlords can leverage this by securing Section 8 contracts that offer a fixed rent amount, ensuring a steady cash flow even in a high-value market.
The median income in ZIP 83424 is $150,714, which is significantly higher than the national average. This economic strength supports the stability of the housing market and reduces the risk of tenant defaults. Additionally, the low renter share of 0.0% implies that the majority of residents own their homes, further reinforcing the idea that the area is less dependent on rental income and more focused on long-term homeownership.
While appreciation plays and diversifiers are important components of a real estate investment strategy, ZIP 83424 stands out as a reliable cash-flow anchor due to its high median home value and strong economic indicators. By anchoring a portfolio with properties in this ZIP code, landlords can ensure a consistent revenue stream, backed by the financial stability of the local economy.
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.