Location: Bonner County, ID | Metro: Bonner 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 | $980 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,290 | $616,707 | 0.21% | F |
| 3BR | $1,780 | $731,446 | 0.24% | F |
U.S. Census Bureau data (2024)
The ZIP code 83813, located in Cocolalla, ID within Bonner County, stands out due to its unique demographic and economic characteristics. With a population of 1,249 residents, only 5.8% are renters, indicating a predominantly owner-occupied community. The median income here is $90,156, which is above the national average, suggesting a relatively affluent area. However, the median home value of $685,250 is notably high, reflecting the premium property values in this region.
When it comes to voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,200. This figure is critical for understanding the rental market dynamics, especially since there is no available market rent data for ZIP 83813. Given the low rental rate and the high median home value, landlords and small-portfolio investors should be cautious about relying solely on Section 8 vouchers. The limited rental market means that voucher holders might face challenges finding suitable housing, potentially leading to fewer opportunities for landlords to fill vacancies with Section 8 tenants.
The data signature for ZIP 83813 reads as stable. The high median income and median home value suggest a consistent financial health among the residents. Additionally, the low percentage of renters indicates a strong preference for homeownership, which typically correlates with a stable community. Despite the lack of specific market rent data, the overall economic indicators point towards a steady environment where property values and incomes are unlikely to fluctuate significantly in the short term.
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.