Location: Latah County, ID | Metro: Latah 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 | $870 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $338,967 | 0.31% | F |
| 3BR | $1,470 | $439,209 | 0.33% | F |
| 4BR | $1,770 | $546,685 | 0.32% | F |
U.S. Census Bureau data (2024)
The ZIP code 83843, located in Moscow, ID, presents a unique challenge for renters given the local economic conditions and rental market dynamics. The median income in this area stands at $59,444, which is notably lower than the market rate for renting, set at $1,183 per month (ZORI). This creates a significant affordability gap for many households, making it difficult for them to secure housing without assistance.
In contrast, the Housing Choice Voucher program offers a more manageable monthly payment standard of $1,020 (FMR for metro FY 2026), which aligns closer with the average household's financial capabilities. This difference highlights the importance of vouchers in enabling access to housing for low-income families in Moscow, ID.
With 53.2% of the 26,591 population being renters, the competition among landlords is fierce. To remain competitive, landlords must consider the value of accepting Housing Choice Vouchers. While the voucher payment standard is slightly below the market rate, it ensures a steady and reliable source of income, backed by the government, reducing the risk of unpaid rents.
The takeaway for landlords considering their strategy in ZIP 83843 is clear: accepting vouchers can be a strategic advantage. It opens up the rental pool to a larger segment of the population who might otherwise struggle to find suitable housing. By doing so, landlords can secure long-term tenants and benefit from the stability provided by the voucher system. Moreover, this approach supports the local community, ensuring that everyone has access to decent and affordable housing.
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.