Location: Valley County, ID | Metro: Gem County, ID HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
The ZIP code 83657 stands out due to its extremely low population count, with only 156 residents. This makes it one of the least populated areas for analysis, presenting unique challenges and opportunities for landlords and small-portfolio investors. With a mere 11.7% of the population renting, the rental market is quite niche, catering to a smaller subset of the community. The median income in this ZIP is reported at $51,183, which is a critical figure for understanding the economic capacity of potential tenants.
Regarding Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 83657 is set at $1070 for fiscal year 2024. However, there is no available data on the typical market rent for the area, making direct comparisons challenging. The absence of market rent data suggests that the voucher program could be a significant source of rental income stability, given the reliance on federally regulated rates in an otherwise data-scarce environment.
The overall data signature for ZIP 83657 reads as "stable," primarily due to the consistent median income figure and the presence of a defined FMR. Despite the lack of detailed market rent data, the low population and small percentage of renters indicate a steady demand rather than a volatile or rapidly changing market. For landlords and small-portfolio investors, this ZIP offers a predictable income stream through Section 8 vouchers, especially in a setting where other economic indicators are not readily available.
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.