Location: Lemhi County, ID | Metro: Lemhi County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
U.S. Census Bureau data (2024)
The ZIP code 83466 is primarily a renter-heavy area, with a significant 60.3% of its population renting their homes. This high percentage indicates a robust demand for rental properties, especially those that can accommodate Section 8 tenants. While the median household income is not available, the concentration of renters suggests that many residents rely on rental assistance programs such as Section 8.
Market rent figures are also unavailable for this specific ZIP code, but we can infer that typical rents will likely be lower than the Fair Market Rent (FMR) set at $1,160 for FY 2026 in the metro area. Given the high rate of renters, it's reasonable to assume that the majority of residents are low-income individuals who depend on housing vouchers to afford living expenses.
In such an environment, landlords should anticipate a tenant pool that heavily relies on Section 8 vouchers. These tenants will have their rent subsidized up to the FMR level, making them attractive to landlords looking for stable rental income. The lack of median income data means that direct comparisons to local incomes cannot be made, but the high dependency on rental assistance implies that most tenants will be seeking affordable housing options.
To summarize, ZIP 83466 is characterized by a strong rental market, with a substantial portion of the population using housing vouchers. Landlords in this area should prepare for a tenant base that is predominantly low-income and reliant on government assistance for housing. This makes the ZIP code particularly suitable for properties that can accept Section 8 tenants, ensuring a steady stream of qualified applicants who can meet their rental obligations through voucher programs.
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.