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 | $1,060 |
| 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 |
|---|---|---|---|---|
| 1BR | $1,260 | $317,714 | 0.4% | F |
| 2BR | $1,500 | $362,672 | 0.41% | F |
| 3BR | $2,090 | $439,682 | 0.48% | F |
| 4BR | $2,510 | $518,759 | 0.48% | F |
| 5BR | $2,912 | $592,247 | 0.49% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 83705, located in Boise, Idaho, reveals a challenging but navigable rental environment. The HUD Fair Market Rent (FMR) for the area is set at $1,290 for fiscal year 2024, while the market rent, as measured by Zillow's ZORI, stands at $1,574. This discrepancy indicates that voucher tenants will generally cashflow marginally, if at all, without premium units. To derive the rent-to-price ratio, we consider the median home value of $424,554. This yields a ratio of approximately 0.35%, suggesting that the cost of renting is relatively low compared to buying, which could influence the demand for rental properties.
The median days on market (DOM) for rental listings is 22 days, indicating a robust market where properties are quickly leased. Additionally, the 0.2% price-cut share reflects a competitive market, though it does not significantly impact the overall rental dynamics. Given these factors, the strongest investor angle in ZIP 83705 is likely to be stability. With a slight margin for cashflow and a strong demand for rentals, investors can expect consistent income and minimal vacancy periods, making this area an ideal choice for those prioritizing long-term financial security over high appreciation rates.
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.