Location: Shoshone County, ID | Metro: Shoshone 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 | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $2,120 |
| 5 Bedrooms | $2,459 |
| 6 Bedrooms | $2,754 |
| 7 Bedrooms | $2,974 |
| 8 Bedrooms | $3,123 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $970 | $251,263 | 0.39% | F |
| 2BR | $1,270 | $271,316 | 0.47% | F |
| 3BR | $1,560 | $325,585 | 0.48% | F |
| 4BR | $2,120 | $367,550 | 0.58% | F |
U.S. Census Bureau data (2024)
ZIP code 83837 in Idaho is decidedly a renter-heavy area, with 42.6% of its 3,203 residents renting their homes. This high percentage of renters indicates a robust demand for rental properties and suggests that there will be a significant number of Section 8 voucher holders looking for housing. The median household income in this ZIP is $45,885, which provides a useful benchmark for evaluating the affordability of local rents.
The average market rent of $1,024 represents approximately 22.3% of the median household income. This calculation is derived from dividing the annual rent ($1,024 * 12 months) by the median income ($45,885), revealing that typical rent consumes a substantial but manageable portion of local incomes. However, it's important to note that the Fair Market Rent (FMR) set by HUD for the metro area in fiscal year 2026 is $1,180, which is higher than the current market rent. This difference implies that landlords in 83837 may have some flexibility in setting rents without exceeding the limits imposed by government housing assistance programs.
A landlord in ZIP 83837 can expect tenants who rely on Section 8 vouchers to represent a considerable segment of the rental market. These tenants will generally have a stable source of income, as they must meet eligibility criteria tied to their ability to contribute 30% of their income toward rent. Given the median income and current market rents, voucher holders can likely afford the average rent without financial strain, making them reliable tenants. Additionally, the high proportion of renters in the area signals strong competition for available units, which could benefit landlords by reducing vacancy rates and increasing property values over time.
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.