Location: Boise City, ID | Metro: Boise City, ID HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $2,090 |
| 4 Bedrooms | $2,510 |
| 5 Bedrooms | $2,912 |
| 6 Bedrooms | $3,261 |
| 7 Bedrooms | $3,522 |
| 8 Bedrooms | $3,698 |
The ZIP code 83630 in Boise City County stands out due to the lack of comprehensive demographic data, which includes resident count, percentage renting, median income, and median home value. This scarcity makes it challenging to paint a detailed picture of the area's housing dynamics and economic health.
Despite these data gaps, the voucher economics in ZIP 83630 provide some clarity. The Fair Market Rent (FMR) for the area, as set by HUD for fiscal year 2024, is $1310. This figure represents the maximum amount that a landlord can receive through the Section 8 program for a given unit size. However, without the local market rent data, it's difficult to compare how the FMR stacks up against what tenants might typically pay.
The absence of key demographic and economic indicators suggests that the area could be either very stable, where little has changed over time, or transitional, where the population and housing market are undergoing shifts. Landlords and small-portfolio investors should approach this ZIP code with caution, as the lack of detailed data can make it harder to predict future trends and manage their properties effectively.
To make informed decisions, consider supplementing the available HUD FMR data with additional research on local housing trends and economic conditions. This will help in understanding if the area is indeed stable or if it's experiencing changes that could impact your investment.
Data Sources: FMR data from HUD (2027).
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.