Location: Adams County, ID | Metro: Adams County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 83643, located in the Adams County, ID metro area, reveals that the HUD Fair Market Rent (FMR) for FY 2026 is set at $970. This figure is crucial for understanding the financial viability of voucher tenants in the area.
Unfortunately, the specific market rent data for ZIP 83643 is currently unavailable. However, based on the HUD FMR, it can be inferred that voucher tenants will likely cashflow at properties renting below the FMR, but may only marginally do so at the exact FMR rate. In premium units where rents exceed $970, it's possible that voucher tenants would not cashflow without additional subsidies or adjustments from the landlord.
The median home value in the area is also not available, which means deriving an accurate rent-to-price ratio is challenging. Typically, this ratio helps investors understand the comparative advantage of renting versus buying, but without the necessary data, we cannot provide a precise calculation. The lack of a rent-to-price ratio does not necessarily indicate poor investment potential; it simply means that other metrics must be considered for a full picture of the local real estate market.
Additionally, the median Days on Market (DOM) and the percentage of homes that required a price reduction before selling are both missing. These figures are important for assessing the health of the housing market and the competition between rental and purchase options. Without these details, it's difficult to comment on the specific rent-versus-buy dynamics in ZIP 83643.
In conclusion, while some key data points are missing, the HUD FMR of $970 provides a solid benchmark for Section 8 investments in ZIP 83643. The strongest investor angle in this scenario appears to be stability, given the reliance on government-subsidized vouchers, which can offer consistent income streams even in fluctuating market conditions.
Data Sources: FMR data from HUD (2027). 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.