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 | $1,340 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,870 |
| 3 Bedrooms | $2,610 |
| 4 Bedrooms | $3,130 |
| 5 Bedrooms | $3,631 |
| 6 Bedrooms | $4,067 |
| 7 Bedrooms | $4,392 |
| 8 Bedrooms | $4,612 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,870 | $443,572 | 0.42% | F |
| 3BR | $2,610 | $421,311 | 0.62% | D |
| 4BR | $3,130 | $493,564 | 0.63% | D |
| 5BR | $3,631 | $590,224 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 83634, located in Kuna, ID, presents a unique scenario for both renters and landlords. The median household income in this area stands at $97,171, which is relatively high. However, the market rate for rent, measured by Zillow's Observed Rent Index (ZORI), is set at $2,245 per month. This figure represents a significant portion of the average household's income, making it challenging for residents to find affordable housing without assistance.
To put this into perspective, let's consider the Fair Market Rent (FMR) established by HUD for ZIP 83634, which is $1,760 for fiscal year 2024. This amount is significantly lower than the market rate, indicating that renters who qualify for Section 8 vouchers might struggle to find properties within their budget. The disparity between the ZORI and the FMR highlights an affordability gap that could impact the rental market dynamics in Kuna.
In Kuna, where the population is 36,286 and 16.7% of the residents are renters, the competition among landlords is likely to be fierce. Those willing to accept Section 8 vouchers may attract tenants who cannot afford the market rate but still wish to live in the area. On the other hand, landlords who opt for cash-paying tenants might secure higher rents but face the challenge of attracting a smaller pool of potential renters who can meet the ZORI.
The takeaway for landlords is clear: accepting Section 8 vouchers can help fill vacancies in a competitive market, albeit at a lower rate compared to the market price. For those focused on maximizing rental income, targeting cash-paying tenants remains the strategy, though it requires careful consideration of the local income levels and the willingness of residents to pay premium rents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.