Section 8 Fair Market Rent (FMR) for ZIP 83526 - 2027
Location: Idaho County, ID | Metro: Idaho County, ID
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $840 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$70,357
When considering whether to invest in ZIP code 83526 for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1,090 clear debt service on a property?
- If the N/A represents a property where the debt service is less than $1,090 per month, then yes, the FMR can cover the debt service.
- If the debt service exceeds $1,090, then no, the FMR will not be sufficient to clear the debt service.
- Is the market rent of $688 above, at, or below the FMR?
- The market rent of $688 is below the FMR of $1,090, indicating that Section 8 tenants would pay a higher rent than the average market rate.
- Are 7.8% of residents renters and does the N/A-day Days on Market (DOM) indicate enough demand?
- The rental rate of 7.8% suggests a moderate demand for rentals. However, without knowing the exact DOM figure, it's challenging to determine if there's enough demand. A lower DOM would indicate quicker property turnover and higher demand.
- If the DOM is low, say under 30 days, then yes, there is likely enough demand. If DOM is high, then it depends on other factors such as vacancy rates and competition.
Investing in ZIP 83526 for Section 8 properties hinges on these key metrics. The FMR is favorable for covering debt service, assuming the debt service is indeed lower than $1,090. The gap between market rent and FMR also favors Section 8 investments, as the government subsidy would bridge the difference. Lastly, the percentage of renters and the DOM must be assessed to gauge the overall demand for rental properties in this area.
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.