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 | $1,100 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,260 | $256,334 | 0.49% | F |
| 2BR | $1,500 | $294,904 | 0.51% | F |
| 3BR | $2,090 | $369,304 | 0.57% | F |
| 4BR | $2,510 | $428,212 | 0.59% | F |
| 5BR | $2,912 | $484,117 | 0.6% | D |
U.S. Census Bureau data (2024)
The ZIP code 83651, located in Nampa, Idaho, presents an interesting scenario when analyzing rental affordability from a renter's perspective. The median income in this area is $69,914, which places considerable strain on households trying to meet the market rate rent of $1,471 per month (ZORI).
To put this into context, let's consider the housing voucher payment standard, which is set at $1,330 per month for fiscal year 2024 (FMR). This means that for those eligible for vouchers, their rent burden would be significantly lighter compared to paying the market rate.
In Nampa, where the population stands at 38,121 and 27.4% of residents are renters, the disparity between the market rate and the voucher payment standard highlights a notable affordability gap. This gap creates a competitive landscape for landlords as they must decide whether to cater to voucher recipients or focus on cash-paying tenants who might struggle to find affordable housing options.
The takeaway for landlords considering their strategy in ZIP 83651 is clear: accepting vouchers can ensure a steady stream of tenants willing to pay the government-set rate, albeit with some administrative overhead. On the other hand, targeting cash-paying tenants may offer higher rents but comes with the risk of reduced demand due to the financial constraints faced by many local households. Landlords should weigh these factors carefully, considering the balance between higher rent amounts and the reliability of voucher payments.
Given the median income and the high market rate, landlords might find that voucher tenants provide a more stable occupancy rate. However, the decision ultimately depends on the landlord's financial goals and tolerance for administrative processes associated with voucher programs.
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.