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 | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $954,300 | 0.12% | F |
| 3BR | $1,580 | $1,134,667 | 0.14% | F |
| 4BR | $1,840 | $1,468,705 | 0.13% | F |
U.S. Census Bureau data (2024)
Skeptical investors looking at ZIP 83821, located in Coolin, ID, have several valid concerns that need addressing before making any investment decisions.
Objection 1: Will the Fair Market Rent (FMR) of $1,070 for the metro area in fiscal year 2026 be sufficient to cover the mortgage on a home priced at $1,116,982?
The short answer is no. A home valued at $1,116,982 would likely have a monthly mortgage payment far exceeding the $1,070 FMR. This suggests that relying solely on rental income to cover mortgage payments would not be financially viable. Investors should consider properties below this price point to ensure that rental income can adequately support the mortgage burden.
Objection 2: Is there enough renter demand at 0.0%?
The data indicates that the percentage of renters in ZIP 83821 is 0.0%, which is concerning. This figure implies that the majority of residents own their homes, significantly reducing the potential pool of tenants. However, it's important to note that this statistic alone does not provide a complete picture of the rental market dynamics. Additional research into the local economy, job market, and housing trends would be necessary to fully assess the viability of rental investments.
Objection 3: Will vouchers keep pace with market rents when the market rent data is not available (N/A)?
The lack of available market rent data makes it difficult to predict whether voucher amounts will match the actual cost of renting in ZIP 83821. Without specific figures, investors cannot accurately gauge the financial impact of accepting vouchers. It is advisable to consult local housing authorities or conduct a detailed analysis of recent voucher disbursements in similar areas to estimate future trends. Given the current data gap, caution is warranted.
In conclusion, while ZIP 83821 presents some challenges for investors, particularly regarding the high property values and low renter population, these issues can be navigated with careful consideration and additional research. The uncertainty around voucher amounts necessitates further investigation to make informed decisions.
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.