Location: Shoshone County, ID | Metro: Shoshone County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
U.S. Census Bureau data (2024)
The ZIP code 83812 is not a renter-heavy area, given that only 0.0% of the population are renters. This suggests that the majority of residents in this area own their homes rather than renting, which implies that the demand for Section 8 vouchers will be relatively low.
The median household income in ZIP 83812 stands at $72,500. Without specific market rent data for this ZIP, it's challenging to determine precisely how much of the local income goes towards typical rent payments. However, we can compare the median income to the Fair Market Rent (FMR), which is set at $1,130 for the fiscal year 2026 in the metro area. Assuming the FMR is reflective of market rents in 83812, a household earning the median income would spend approximately 17.6% of their annual income on rent. This calculation is based on the assumption that the FMR represents the average rent paid by tenants in the area.
The FMR of $1,130 indicates the maximum amount a Section 8 voucher holder can pay for rent in this metro area. Landlords in ZIP 83812 should expect tenants with Section 8 vouchers to have limited funds available for rent beyond the voucher amount. Given the low percentage of renters, landlords might find fewer applicants using Section 8 vouchers compared to areas with higher renter populations.
To summarize, landlords in ZIP 83812 should anticipate a tenant pool that is predominantly homeowners, with a small subset of renters who may use Section 8 vouchers. These voucher holders will likely have additional income sources to cover any rent exceeding the voucher amount, but the overall demand for Section 8 properties in this ZIP code is expected to be low due to the homeowner-dominated nature of the area.
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.