Location: Boundary County, ID | Metro: Boundary County, ID
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 | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $412,264 | 0.25% | F |
| 3BR | $1,430 | $497,422 | 0.29% | F |
| 4BR | $1,720 | $618,641 | 0.28% | F |
U.S. Census Bureau data (2024)
With a $1,000 Fair Market Rent (FMR) set for the metro area in fiscal year 2026, landlords in ZIP 83805, Bonners Ferry, ID, can expect a stable rental environment. The market rent, as reported by the Census American Community Survey, stands at $882, indicating a slight premium when properties meet the criteria for Section 8 eligibility. Given the $458,032 median home value, it's evident that the housing stock is diverse enough to accommodate both low-income and middle-class tenants, making it an attractive investment location.
The 25.5% renter share suggests a substantial demand for rental properties in the area. This percentage, combined with the relatively low median income of $70,083, highlights the necessity for affordable housing options. Despite these factors, the 0.2% price-cut share reveals that property values are generally stable, with little need for landlords to reduce their asking prices to attract tenants.
Investors looking to enter the Bonners Ferry rental market should be aware of the potential for Section 8 participation. The FMR provides a benchmark for rental rates, ensuring that landlords receive a fair return while still being accessible to low-income families. The discrepancy between the FMR and the market rent also presents an opportunity for landlords to optimize their rental income by aligning their rates with the FMR.
In conclusion, the data points towards a promising rental market in Bonners Ferry, ID, especially for those considering Section 8 participation. The stable property values, significant renter share, and alignment of rental rates with the FMR make it a viable option for real estate investors. Verdict: Favorable for Section 8 participation.
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.