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 |
To integrate ZIP 83719 into a Section 8 portfolio strategy, consider it primarily as a cash-flow anchor. The Fair Market Rent (FMR) for the Boise City, ID HUD Metro FMR Area in fiscal year 2024 is set at $1430 for a one-bedroom unit. This figure is crucial because it represents the maximum amount that can be charged to tenants receiving Section 8 vouchers, ensuring stable and predictable rental income.
The lack of specific market data such as median home values and price-cut shares does not hinder the classification of ZIP 83719 as a cash-flow anchor. In fact, the absence of volatile market conditions suggests a more stable local economy, which is beneficial for long-term investment strategies focused on steady cash flow rather than rapid appreciation.
A cash-flow anchor is essential for any balanced real estate portfolio. It provides a consistent revenue stream that can offset the risks associated with other speculative investments. Given the FMR of $1430, landlords can expect to receive a fixed payment from the government, regardless of the tenant's contribution, which stabilizes their income.
While the data does not provide information on the percentage of renters or median income, these factors typically influence the demand for affordable housing. Assuming a high demand for affordable rentals in ZIP 83719, landlords can benefit from a steady stream of Section 8 tenants who need housing, making it an attractive option for those seeking reliable cash flow.
In conclusion, ZIP 83719 should be viewed as a cash-flow anchor within a Section 8 portfolio strategy due to the established FMR of $1430. This approach ensures a stable income source, which is particularly valuable in areas with limited volatile market data. Landlords and small-portfolio investors can rely on this predictability to fortify their financial stability and plan for long-term success.
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.