Location: Boise City, ID | Metro: Boise City, ID HUD Metro FMR Area
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 | $1,170 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $2,250 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,250 | $402,579 | 0.56% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 83626 is poised for an intriguing shift over the next 12 to 24 months, driven by several key indicators. With a median home value at $423,894, the area has established itself as a middle-tier market, neither at the peak nor at the bottom of the housing spectrum. This suggests that there is room for both growth and stabilization, depending on broader economic conditions.
The fact that the percentage of listings reduced and the median days on market (DOM) are currently marked as 'N/A' indicates a potentially stable market where neither significant price reductions nor prolonged selling times are common. However, it also points to a lack of recent volatility, which can be interpreted as a sign of consistent demand and supply equilibrium. In such a balanced scenario, landlords and small-portfolio investors should expect steady pricing power rather than dramatic shifts.
On the rental side, the Federal Market Rent (FMR) for ZIP 83626 is set at $1,260 for fiscal year 2024, compared to the current market average of $1,356 based on Census ACS data. This signals that landlords might have some flexibility in setting rents above the FMR, though the gap is not substantial. The slight premium in market rates over FMR suggests a modest positive sentiment towards rental property investment, but it's crucial to note that this does not necessarily translate into significant rental increases due to the relatively small difference.
For long-term investors, the appreciation thesis in ZIP 83626 is realistic yet cautious. Given the median home value and the current rental dynamics, appreciation is likely to follow a gradual trend rather than a steep incline. The stability indicated by the N/A percentages and DOM, combined with the modest rental premiums, suggests that the area will continue to offer solid, if not spectacular, returns on investment. Long-hold investors should focus on maintaining properties and ensuring they meet local standards to capitalize on any appreciation that occurs naturally over time.
In summary, the data paints a picture of a market that is stable and offers steady opportunities for both homeownership and rental investments. Landlords and small-portfolio investors can expect to maintain their pricing power without drastic changes, making ZIP 83626 a reliable choice for those seeking a secure and predictable investment environment.
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.