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 |
1,710 - The Fair Market Rent (FMR) for ZIP 83720, as of metro fiscal year 2026, stands at $1,710. This figure represents the average rent for a two-bedroom apartment in the area and is a critical benchmark for landlords and investors considering participation in the Section 8 program.
N/A - Despite the absence of specific market rent figures, the Fair Market Rent can serve as a reasonable proxy for determining rental rates that align with government standards. This is particularly important for those interested in Section 8 housing, where rents must be within a certain percentage of the FMR.
N/A - With no median home value data available, it's challenging to assess the overall property value in the area. However, the lack of this statistic doesn't necessarily indicate a negative trend; it could simply mean that the data isn't as widely reported or tracked as other metrics.
N/A - The renter share is also unspecified, which means we cannot determine the exact proportion of residents who are renters versus homeowners. This information would typically provide insight into the demand for rental properties in the area.
N/A - Without a median income figure, it's difficult to gauge the financial health of the local population. Median income is a key indicator of potential tenants' ability to pay rent, especially when considering the $1,710 FMR.
N/A - Similarly, the Days On Market (DOM) and price-cut share percentages are not provided, leaving us without data on how quickly properties are selling and at what rate they are being discounted. This could suggest a stable market, but further investigation would be necessary to confirm.
Given the limited dataset, the primary focus should be on the $1,710 FMR for ZIP 83720. This metric is essential for landlords and small-portfolio investors looking to enter the Section 8 housing market. It ensures that rental prices are fair and competitive with government standards, potentially attracting a steady stream of tenants who qualify for assistance.
The absence of other key metrics, such as market rent, median home value, and median income, does not provide a complete picture of the real estate market in ZIP 83720. To make informed decisions, investors should seek additional local market data and consult with real estate professionals familiar with the area.
A final consideration is the stability of the market, indicated by the missing DOM and price-cut share percentages. A stable market often means fewer discounts and quicker sales, which can be beneficial for both landlords and investors.
Verdict: ZIP 83720 presents a viable opportunity for Section 8 participation, with a clear Fair Market Rent benchmark, though additional local market research is recommended for a fuller understanding.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.