Location: Idaho County, ID | Metro: Idaho County, ID
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,220 | $241,953 | 0.5% | F |
| 3BR | $1,690 | $343,345 | 0.49% | F |
| 4BR | $2,040 | $410,535 | 0.5% | F |
U.S. Census Bureau data (2024)
The ZIP code 83530, located in Grangeville, ID, stands out within Idaho County due to its unique demographic and economic characteristics. With a population of 6,406 residents, 27.3% of whom are renters, the area has a median household income of $79,477. The median home value in Grangeville is notably high at $328,061, reflecting the region's relatively affluent status.
For landlords and small-portfolio investors, understanding the voucher economics is crucial. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,220, while the current market rent, according to Census ACS data, is $744. This significant gap between FMR and market rent presents an opportunity for landlords to benefit from Section 8 vouchers, which can help cover rental costs that exceed the local market rate. The higher FMR indicates that the government is willing to subsidize more expensive rents, making it attractive for property owners to participate in the program.
Evaluating the data signature of ZIP 83530, it reads as stable. The relatively high median income and median home value suggest a steady economic foundation. Additionally, the modest percentage of renters implies a balanced mix of homeowners and tenants, reducing volatility often associated with higher rental rates. The voucher economics further support stability, as the discrepancy between FMR and market rent provides a predictable subsidy structure for landlords participating in the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.