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 | $1,560 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $2,090 |
| 3 Bedrooms | $2,890 |
| 4 Bedrooms | $3,490 |
| 5 Bedrooms | $4,048 |
| 6 Bedrooms | $4,534 |
| 7 Bedrooms | $4,897 |
| 8 Bedrooms | $5,142 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,890 | $389,936 | 0.74% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP 83637 presents a complex yet promising scenario for both landlords and small-portfolio investors. The median home value stands at $330,058, indicating a stable base for property values. While the percentage of listings that have been reduced and the median days on market (DOM) are currently not available, the absence of significant reductions in listing prices suggests that sellers maintain a strong pricing power. This stability, combined with the median home value, points towards a resilient market where prices are likely to remain steady over the next 12-24 months.
On the rental side, the Fair Market Rent (FMR) for ZIP 83637 in fiscal year 2024 is set at $1180. Although the comparison to the current market rent is not available, the FMR provides a benchmark for rental rates. Landlords can expect to maintain or slightly increase their rents in line with the FMR, ensuring a steady cash flow. However, it's important to monitor local market conditions closely to adjust rental prices accordingly.
For long-term investors, the setup implies a conservative appreciation thesis. With the median home value holding steady and no immediate signs of a downturn in the housing market, properties in ZIP 83637 are likely to appreciate gradually, following broader economic trends. Long-hold investors should focus on acquiring properties below the median value to maximize potential gains. Additionally, maintaining properties to meet market standards will be crucial in sustaining their value and attractiveness to buyers and renters alike.
The combination of a stable median home value and the projected FMR suggests that ZIP 83637 offers a balanced environment for investment. Landlords can leverage the steady property values to ensure long-term profitability through rental income. Meanwhile, small-portfolio investors should look for opportunities to buy undervalued properties and hold them, expecting gradual appreciation. This approach aligns with the current market signals and avoids speculative predictions.
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.