Location: Idaho County, ID | Metro: Adams County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 83547, located in Idaho County, ID metro, reveals several key insights for landlords and small-portfolio investors. The Fair Market Rent (FMR) as determined by the U.S. Department of Housing and Urban Development (HUD) for the fiscal year 2026 is set at $1,040 for the metro area. However, the current market rent data for this specific ZIP code is unavailable, making it difficult to draw direct comparisons.
To understand how voucher tenants fare at this FMR, we must consider the general rental landscape and the typical behavior of landlords within this region. Given that the FMR is fixed at $1,040, landlords can expect cashflow to be positive when rents are set at this level, assuming that the market rent does not exceed this figure significantly. If the actual market rent is below or close to $1,040, voucher tenants will cashflow at this FMR. Should the market rent be slightly higher, it would mean that voucher tenants cashflow marginally, requiring landlords to ensure their unit costs align closely with the FMR to maintain profitability.
The median home value in ZIP code 83547 is also currently unreported, which means deriving an exact rent-to-price ratio is not feasible with the available data. Nevertheless, this ratio is crucial for investors looking to gauge the relative affordability of renting versus buying. Without this data, it's challenging to provide a precise rent-to-price ratio, but the lack of reported home values suggests a potentially strong rental market due to limited homeownership opportunities.
Regarding the days on market (DOM) and the percentage of price cuts, these metrics are not available for ZIP code 83547. This absence indicates a stable market where properties are likely sold without significant negotiation or prolonged listing periods. In the context of rent-versus-buy dynamics, the unavailability of these figures points towards a consistent demand for rentals, supporting the idea that landlords can maintain steady occupancy rates without having to lower rents drastically.
The strongest investor angle in ZIP code 83547 is cashflow. With the HUD FMR set at a clear figure and the potential for a strong rental market due to the lack of reported home values, investors can focus on acquiring properties that allow them to operate effectively within the FMR guidelines while ensuring a positive cashflow position. This approach minimizes financial risk and maximizes returns, making it a solid strategy for both landlords and small-portfolio investors.
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.