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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,270 | $217,383 | 0.58% | F |
| 3BR | $1,560 | $256,150 | 0.61% | D |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 landlord in ZIP code 83846 in Mullan, ID, include significant tenant turnover due to the disparity between the market rent of $895 and the Fair Market Rent (FMR) of $1,230 for FY 2026 in the metro area. This difference suggests that tenants might be attracted by the higher rental subsidy, leading to frequent moves once their needs change or they secure better housing options.
Vacancy exposure is another concern. The Days on Market (DOM) data is currently unavailable, which indicates uncertainty regarding how quickly properties can be rented out. A prolonged period of vacancy can lead to financial losses for the landlord, especially when maintenance costs are considered.
The deferred-maintenance exposure is also notable. With a typical home value of $207,306 and a median income of $59,844, landlords must be prepared to invest in property upkeep without relying on substantial profits from rent to cover these costs. Section 8 properties often require more attention to maintenance due to the nature of the program and the potential for wear and tear from multiple occupants.
However, these risks are mitigated by the high renter share in the area, which stands at 20.1%. High renter density typically translates into a robust demand for rental properties, including those that accept Section 8 vouchers. This ensures that there will likely be a steady stream of interested tenants, reducing the likelihood of extended vacancies.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.