Location: Adams County, ID | Metro: Adams County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 83612 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant concern, as the market rent stands at $814, which is notably lower than the Fair Market Rent (FMR) of $970 for the metro area in fiscal year 2026. This disparity suggests that tenants might be more inclined to leave when they find higher-paying jobs or move into homes that better suit their financial capabilities.
Vacancy exposure is another issue, given that the days on market (DOM) data is not available. Without this information, it's difficult to predict how long a property might remain vacant between tenancies, which can significantly impact cash flow and profitability.
Deferred maintenance poses a substantial risk due to the relatively low median income of $54,810 compared to the typical home value of $398,176. Landlords must be prepared to invest in necessary repairs and maintenance themselves, as tenants may not have the financial means to contribute to such costs.
However, these risks are somewhat mitigated by the high renter share of 15.7%. High renter density typically correlates with increased demand for rental properties, including those utilizing Section 8 vouchers. This can help ensure a steady stream of qualified applicants and reduce the likelihood of extended vacancies.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP 83612 is moderate.
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.