Location: Shoshone County, ID | Metro: Benewah County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 83830 in Shoshone County, ID, reveals several critical points for potential Section 8 landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,080. However, the market rent for this specific ZIP code is not available, which makes it challenging to compare the two figures directly. Landlords should proceed with caution as the lack of market rent data could indicate either a lack of rental activity or an underdeveloped rental market.
Regarding the affordability of acquisition, the median home value in ZIP 83830 is not provided, nor is the average number of days on the market (DOM) or the percentage of homes that have been price-cut. This absence of data suggests that there might be limited real estate transactions in the area, potentially indicating low liquidity and possibly less competition among buyers.
When it comes to tenant demand, the numbers are concerning. With a total population of 45, the ZIP code has a 0.0% renter share. This means that there are no renters currently residing in the area, which poses significant challenges for landlords seeking to fill properties. The low population density and the absence of renters suggest a highly constrained market for finding tenants.
Verdict: Investing in ZIP 83830 presents significant challenges for landlords and small-portfolio investors. The unavailability of key market data such as current market rent and median home values indicates a potentially inactive real estate market. Moreover, the lack of renters in the area poses a substantial risk in terms of tenant demand. Given these factors, the decision to invest in this ZIP code should be approached with extreme caution, and only after thorough local market research to confirm the viability of rental operations in this environment.
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.