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 | $339,362 | 0.37% | F |
| 2BR | $1,500 | $417,333 | 0.36% | F |
| 3BR | $2,090 | $519,019 | 0.4% | F |
| 4BR | $2,510 | $717,832 | 0.35% | F |
| 5BR | $2,912 | $870,243 | 0.33% | F |
U.S. Census Bureau data (2024)
To integrate ZIP 83703 into a Section 8 portfolio strategy, consider it primarily as a cash-flow anchor. The Fair Market Rent (FMR) for ZIP 83703 in fiscal year 2024 is set at $1390, which is notably lower than the market rent of $1701. This creates a spread of $311 per unit, indicating that properties in this area can still generate positive cash flow despite being subject to the FMR cap.
The median home value in ZIP 83703 stands at $530,664, suggesting that while property values are relatively high, the rental market remains competitive. Landlords who aim to stabilize their cash flows should focus on areas where the FMR is below the market rent, ensuring they can maintain profitability without relying solely on appreciation.
A cash-flow anchor is essential for any balanced investment portfolio, especially when dealing with government-subsidized housing programs like Section 8. By anchoring your portfolio with properties in ZIP 83703, you secure a reliable source of income that can offset potential losses from other speculative investments.
While the appreciation potential in ZIP 83703 is modest, with only a 0.1% price-cut share and a 24-day days-on-market (DOM), these factors do not outweigh the benefits of steady cash flow. The low renter share of 35.4% and median income of $76,910 indicate a stable population that is less likely to default on rent payments, further solidifying the area's role as a cash-flow anchor.
In summary, ZIP 83703 offers a strategic opportunity for landlords and small-portfolio investors looking to establish a consistent and predictable revenue stream within their Section 8 holdings. The $311 spread between the FMR and market rent ensures that even under the constraints of the program, there is room for profit.
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.