Location: Lemhi County, ID | Metro: Lemhi County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 83464, located in Lemhi County, Idaho, reveals a unique set of conditions that affect both rental and housing markets. The HUD Fair Market Rent (FMR) for the metro area, effective in fiscal year 2026, is set at $990. This figure serves as a critical benchmark for landlords and investors considering participation in the Section 8 program.
Unfortunately, the market rent data for ZIP 83464 is currently unavailable, which makes it challenging to provide a direct comparison between the HUD FMR and local market rates. However, based on the available HUD FMR, landlords can expect that voucher tenants will generally cashflow at this rate, assuming the market rent does not significantly exceed the FMR. In rural areas like Lemhi County, it's often the case that market rents align closely with government-set FMRs, thus supporting a stable cashflow scenario.
The median home value for ZIP 83464 is also not reported, which complicates deriving an accurate rent-to-price ratio. Typically, a lower rent-to-price ratio indicates a more favorable environment for buying over renting, but without this data, we cannot make a definitive statement. It's worth noting that the absence of such data might suggest a less active real estate market, which could benefit investors looking for stability and fewer competing offers.
The Days on Market (DOM) and price-cut share data are also not available. These metrics would typically help gauge the speed and ease of selling properties, which in turn influences buy-versus-rent dynamics. Without these figures, we must rely on other indicators to assess the investment climate.
Given the limited data, the strongest angle for investors in ZIP 83464 appears to be stability. With a defined HUD FMR and a likely alignment with market rents, landlords can anticipate steady cashflow from voucher tenants. Stability in this context means reduced risk and predictability in rental income, making it an attractive proposition for those seeking a reliable 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.