Location: Washington County, ID | Metro: Washington County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 83610 presents a unique set of conditions that suggest a nuanced outlook for both pricing power and investment potential over the next 12-24 months. The median home value data is currently unavailable, which indicates a need for further investigation into local trends and recent sales data to accurately assess the current valuation landscape.
Similarly, the percentage of listings that have been reduced and the median days on market (DOM) are also not available at this time. However, these metrics typically provide insight into seller urgency and market liquidity. If there were a high percentage of reduced listings alongside an extended DOM, it would imply a less favorable environment for maintaining or increasing property values. Conversely, low percentages of price reductions and shorter DOM periods would suggest a robust market with strong seller pricing power.
Moving to the rental side, the Fair Market Rent (FMR) for ZIP 83610 is projected to be $1,310 for the fiscal year 2026, while the current market rent stands at $917 based on Census American Community Survey (ACS) data. This gap signals a potential upward trajectory for rents, aligning with broader national trends of rising costs and tightening supply. Landlords and small-portfolio investors can expect to see gradual increases in rental income as the market adjusts towards the FMR, enhancing cash flow and overall asset value.
For long-term investors, the setup implied by the current data suggests a moderate appreciation thesis. While the exact rate of appreciation cannot be determined without additional data points such as historical price changes and economic indicators, the convergence of market rent towards FMR indicates a steady growth environment. As rents rise, so too does the perceived value of properties, which can translate into higher resale values over time.
In summary, the market in ZIP 83610 appears poised for gradual growth, particularly in the rental sector. Investors should monitor local sales activity closely to understand how pricing power may evolve, but the current trend towards higher rents supports a positive long-term investment strategy.
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.