Location: Bonner County, ID | Metro: Coeur d'Alene, ID MSA
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 | $1,000 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,180 | $315,784 | 0.37% | F |
| 2BR | $1,400 | $440,242 | 0.32% | F |
| 3BR | $1,940 | $657,172 | 0.3% | F |
U.S. Census Bureau data (2024)
To classify ZIP code 83803 in Idaho, we need to analyze both yield and stability factors based on the available data. The Fair Market Rent (FMR) for ZIP 83803 in fiscal year 2024 is set at $1250. This figure represents the maximum monthly rent a landlord can charge under Section 8 housing assistance programs. However, there is no market rent data provided, which makes it challenging to compare the FMR against typical market rates.
The median home value in ZIP 83803 is $483,891. Given that the average household income is $60,818, the cost of homes relative to income suggests a market where affordability could be a concern for many potential tenants. With only 15.1% of residents being renters, the rental demand is relatively low compared to areas with higher percentages of renters.
The lack of data on the average number of days on market (DOM) for rental properties means we cannot fully assess the speed at which units typically get leased, but the low percentage of renters implies slower leasing times, which would affect cash flow stability negatively.
Given these metrics, ZIP 83803 leans towards a lower-yield market due to the absence of competitive market rents above the FMR of $1250. The stability is also compromised due to the low percentage of renters and potentially longer DOM periods. These factors suggest that this area is not ideal for high-risk, high-reward 'flip-style' investments where quick turnover and high yields are desired.
Rather, ZIP 83803 appears to be more suitable for steady-cashflow investments, where the focus is on consistent, though perhaps modest, returns over time. Landlords and small-portfolio investors should consider the potential for slower lease-up times and possibly lower occupancy rates, given the limited rental population and the high cost of homeownership relative to income levels.
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.