Location: Latah County, ID | Metro: Latah County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,210 |
| 5 Bedrooms | $2,564 |
| 6 Bedrooms | $2,872 |
| 7 Bedrooms | $3,102 |
| 8 Bedrooms | $3,257 |
U.S. Census Bureau data (2024)
The Section 8 market in ZIP code 83823, located in Latah County, ID metro, presents a favorable opportunity for landlords and small-portfolio investors. According to HUD's Fair Market Rent (FMR) data for fiscal year 2026, the metro-wide FMR stands at $1,250. In contrast, the Census ACS reports a market rent of $1,125, indicating that voucher tenants will cashflow at FMR levels.
To derive the rent-to-price ratio, we use the median home value of $476,195. With an average monthly rent of $1,125, this yields a rent-to-price ratio of approximately 0.235%. This ratio suggests that rental income is relatively low compared to property values, which could influence investment decisions based on the desired return on investment.
The dynamics between renting and buying in this area are important to consider. However, the median Days on Market (DOM) and the percentage of homes that experienced price cuts are not available for this specific ZIP code. Despite this lack of data, it's clear that the difference between the HUD FMR and the actual market rent supports positive cash flow for landlords who accept vouchers, without the need for premium units.
The strong investor angle in ZIP 83823 is cashflow. Given the discrepancy between the HUD FMR and the market rent, landlords can expect steady and reliable income from voucher tenants, making it an attractive option for those seeking consistent financial returns.
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.