Section 8 Fair Market Rent (FMR) for ZIP 83677 - 2027
Location: Valley County, ID | Metro: Valley County, ID
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,150 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if a landlord should invest in ZIP code 83677 for Section 8 properties, follow this decision tree:
- Does the FMR of $1,230 (metro FY 2026) cover the debt service on a property?
- If yes: Proceed to the next question.
- If no: Investing in Section 8 properties in this ZIP code is not advisable. The Federal Market Rent (FMR) must be sufficient to meet the mortgage payments, insurance, taxes, and maintenance costs.
- Is the market rent above, at, or below the FMR of $1,230?
- If market rent is above the FMR: There is potential for profit outside of Section 8, but the competition for tenants may be higher. Consider the local rental market dynamics carefully.
- If market rent is at or below the FMR: Section 8 can be a stable source of income, as the rent will likely match the market rate. However, ensure that the FMR covers all expenses.
- Are 100.0% of the residents renting and with a N/A-day Days on Market (DOM) indicating enough demand?
- If there is 100.0% rental demand: This suggests a strong tenant pool. However, the DOM figure is missing, which is crucial to understand how quickly units are rented. A low DOM indicates high demand, while a high DOM suggests otherwise.
- If the DOM is not available or very high: It depends on other factors such as vacancy rates and tenant turnover. High DOM might mean difficulty in finding tenants, even if demand seems high.
The decision to invest in ZIP 83677 for Section 8 properties hinges on whether the FMR can sustain the financial obligations of property ownership. Additionally, understanding the relationship between market rents and the FMR, along with the speed at which units are typically rented, will guide your investment decision.
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.