Location: Shoshone 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 | $1,090 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,400 | $491,859 | 0.28% | F |
| 3BR | $1,940 | $652,946 | 0.3% | F |
| 4BR | $2,340 | $844,451 | 0.28% | F |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 83810, which includes Cataldo, ID, and parts of Kootenai and Shoshone Counties, is currently defined by the HUD Fair Market Rent (FMR) set at $1260 for fiscal year 2024. However, the market rent for the area is not available, making direct comparisons challenging. To understand the potential cash flow for voucher tenants, we must rely on the FMR figure.
Given the median home value of $569,430, the rent-to-price ratio can be calculated to provide insight into the local rental market's competitiveness. A typical rule of thumb for rental properties is that the annual rent should be about 1% of the property's value, which would equate to roughly $4745 per month for a home valued at $569,430. This suggests that the FMR of $1260 is significantly below what could potentially be achieved in the market, indicating that voucher tenants might only cashflow with premium units or through strategic cost management.
The median days on market (DOM) and the percentage of price cuts are not available for this area, but these metrics would typically help investors gauge the urgency of sales and the flexibility of pricing in the rental versus buying market. Without this information, it's important to focus on the stability and long-term trends of the housing market in ZIP 83810.
The strongest investor angle in this scenario is likely stability. Given the fixed nature of Section 8 payments, investors can rely on consistent income streams, which is particularly valuable in areas where market rents fluctuate unpredictably. The low FMR compared to the high median home value also suggests a potential for appreciation over time as the local economy grows and demand for rentals increases.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.