Location: Idaho County, ID | Metro: Idaho County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
U.S. Census Bureau data (2024)
The rent math in ZIP code 83554, located in Idaho County, ID metro, does not align perfectly but shows potential. The Fair Market Rent (FMR) set at $1,080 for the fiscal year 2026 is slightly below the current market rent of $1,114 as per Census ACS data. This indicates that while rents are higher than the government benchmark, they remain competitive and reasonable.
Regarding property acquisition, the median home value of $488,111 suggests that buying properties in this area can be considered moderately expensive. However, the lack of data on days on market (DOM) and the percentage of homes needing price cuts implies a stable market without significant overvaluation. Landlords should carefully assess their budget and investment goals before proceeding with acquisitions.
Tenant demand in ZIP 83554 is relatively low given its small population of 350 residents and a modest 9.3% renter share. This means that only about 32 individuals are likely to be actively seeking rental housing. While the demand is limited, it still exists and could support a few rental units.
Verdict: ZIP 83554 presents an opportunity with mixed prospects. The rent differential between the FMR and market rates is minimal, indicating a balanced rental environment. Property acquisition is somewhat pricey, yet the absence of negative market indicators such as prolonged DOM and frequent price reductions suggests a stable investment climate. Tenant demand is constrained by the area's small size and low renter population, which limits the scale of potential rental operations. Overall, this ZIP code is suitable for cautious, small-scale investments rather than large portfolios.
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.