Location: Valley County, ID | Metro: Valley County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
The ZIP code 83635 in Valley County, ID, stands out due to the limited availability of specific demographic data such as resident count, percentage renting, median income, and median home value. This scarcity of detailed information can make it challenging to fully assess the economic conditions of the area. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,190. Despite the lack of precise market rent figures for ZIP 83635, this FMR benchmark provides insight into the rental cost expectations for landlords and investors.
When considering the economics of Section 8 vouchers in this ZIP code, the $1,190 FMR serves as a crucial reference point. Landlords who accept Section 8 tenants can expect the government to cover a significant portion of the rent based on this figure. It's important to note that the actual market rent in ZIP 83635 is currently unavailable, which means the effectiveness of vouchers in covering rent costs cannot be directly compared to local market rates. However, the FMR is designed to reflect the average market rent for moderate-quality rental units, suggesting that it should be a reasonable estimate for the area.
Given the incomplete data signature for ZIP 83635, it is difficult to definitively classify the area as either stable or transitional. The absence of key indicators such as median income and median home value prevents a thorough analysis of the economic trends and stability in the region. Nonetheless, the presence of a defined FMR indicates some level of government recognition and involvement in the housing market, which could suggest a degree of stability in rental costs and tenant support through the voucher program.
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.