Location: Payette County, 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 | $1,060 |
| 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 |
|---|---|---|---|---|
| 2BR | $1,500 | $415,740 | 0.36% | F |
| 3BR | $2,090 | $449,186 | 0.47% | F |
| 4BR | $2,510 | $601,398 | 0.42% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 83660, encompassing Parma, ID, and parts of Canyon County and Payette County, reveals a favorable environment for rental property investment. The HUD Fair Market Rent (FMR) for ZIP 83660 in fiscal year 2024 is set at $1180, significantly higher than the reported market rent of $997 according to the Census ACS data. This indicates that voucher tenants will generally cashflow at the FMR level, providing a stable income stream for landlords.
To further analyze the potential of this market, consider the median home value in ZIP 83660, which stands at $508,374. Using the HUD FMR of $1180, we can calculate a rough rent-to-price ratio of approximately 2.32%. This ratio suggests that the cost of renting a property is relatively low compared to its purchase price, making it an attractive option for investors looking to generate positive cash flow from their investments.
However, it's important to note that the data does not provide specifics on the median days on market (DOM) or the percentage of price cuts shared among listings. These metrics would be useful in understanding the broader rent-versus-buy dynamics in the area. Despite this lack of detail, the comparison between the HUD FMR and the market rent strongly supports the viability of Section 8 investments in this region.
The strongest angle for investors in ZIP 83660 is likely to be cashflow, given the substantial difference between the HUD FMR and the market rent. This means that landlords can expect to see positive cash flow when renting to voucher tenants, making it a reliable strategy for generating consistent returns on investment.
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.