Location: Bonner County, ID | Metro: Bonner County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
U.S. Census Bureau data (2024)
The ZIP code 83809 presents a unique snapshot of the real estate market, revealing several key dynamics that are crucial for landlords and small-portfolio investors. With a Fair Market Rent (FMR) set at $1,260 for fiscal year 2026, it's evident that the rental market is expected to remain stable, although current market rent data is unavailable, suggesting a lack of active rental listings or recent transactions.
The median home value of $696,296 indicates a relatively high-end residential area, which could imply limited affordability for potential renters and buyers alike. The absence of price-cut share and days on market (DOM) data further underscores the paucity of rental activity, hinting at a market where supply might be constrained rather than outpacing demand. This scarcity of rental properties can lead to increased competition among landlords, driving up maintenance standards and potentially rental costs to attract tenants.
A standout figure is the 0.0% renter share, which is particularly noteworthy. This statistic suggests that the vast majority of residents in ZIP 83809 are homeowners, indicating a strong preference for ownership over renting. While this might seem advantageous for those seeking to sell their homes, it also points to a potential long-term housing pressure issue. In areas with high homeowner rates, there can be less flexibility in the housing market to accommodate changes in population or economic conditions, leading to fewer rental options available when needed.
Investors should consider these factors when evaluating opportunities in ZIP 83809. The high median home value and low renter share suggest that this market favors long-term homeownership rather than short-term rentals. However, the stability of the FMR and the potential for rental premium due to limited supply could still make it a viable investment for those willing to maintain high-quality rental properties.
Data Sources: FMR data from HUD (2027). 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.