Location: Boise City, ID | Metro: Boise City, ID HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $2,670 |
| 5 Bedrooms | $3,097 |
| 6 Bedrooms | $3,469 |
| 7 Bedrooms | $3,747 |
| 8 Bedrooms | $3,934 |
The market in ZIP 83680 is characterized by a Federal Market Rent (FMR) of $1430 for fiscal year 2024, indicating a specific rental benchmark that landlords and investors should consider. The absence of market rent data suggests that there might be limited data available on actual rental rates within the area, which could point to either a nascent market or one that is less frequently tracked.
Absent data on the percentage of price-cut share and days on market (DOM) implies that there is no immediate evidence of significant downward pricing pressure or prolonged vacancy periods. This can be interpreted as a stable market condition, without clear indicators of oversupply or undersupply.
The median home value being listed as N/A points towards a lack of comprehensive data on homeownership values in the area. However, this does not necessarily mean that the area lacks residential properties; it simply means that the specific metric has not been established or is not widely reported.
ZIP 83680's undefined percentage of renters (N/A%) is a critical piece of missing information. Typically, a higher renter share can signal long-term housing pressures, such as affordability issues or a transient population. Conversely, a lower renter share might indicate a more stable homeowner base. Since this figure is not provided, it is challenging to assess the balance between renters and owners, which is crucial for understanding the overall housing dynamics.
In summary, ZIP 83680 presents a market with defined federal guidelines for rental rates but lacks detailed local market metrics. This suggests an environment where federal standards play a significant role, possibly due to the presence of subsidized housing programs under Section 8. The stability inferred from the missing data on price cuts and DOM indicates a balanced market, neither overly saturated nor experiencing a severe shortage. The undefined renter share leaves questions about the long-term pressures on housing, particularly regarding the mix of renters and homeowners, which is essential for strategic investment decisions.
Data Sources: FMR data from HUD (2027).
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.