Location: Bonner County, ID | Metro: Bonner 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 | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $586,014 | 0.19% | F |
| 3BR | $1,580 | $841,077 | 0.19% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 83848, which encompasses Nordman, ID, and parts of Bonner County, operate under the federal guidelines set for the area. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2026 is $980. This figure represents the maximum amount that the Housing Choice Voucher program will pay toward a tenant's rent.
To understand how much a landlord can expect from a voucher, it's crucial to break down the components. The total rent is divided into two parts: the tenant's contribution and the government's subsidy. The tenant's portion is generally 30% of their adjusted income, which varies depending on the individual's financial situation. For simplicity, let's assume an average tenant contribution of around $300 per month for a two-bedroom unit. This leaves the government subsidy to cover the remaining balance up to the SAFMR limit.
In addition to the base rent, there are utility allowances. These vary but typically range between $150-$200 per month for a two-bedroom apartment. Thus, the total reimbursement a landlord might receive from the voucher program could be approximately $1,130-$1,180 per month, combining the base rent subsidy and the utility allowance.
Note that these calculations are based on the assumption that the market rent does not exceed the SAFMR. If the market rent is higher, the voucher will still only cover up to the $980 limit, and the tenant would need to pay the difference out of pocket, which can be challenging for low-income households.
Given the SAFMR of $980 and assuming a tenant contribution of $300, along with a utility allowance of $175, the typical reimbursement for a two-bedroom apartment in ZIP 83848 would be around $1,155. This means if the market rent is higher than the SAFMR, there will be a gap that the tenant must cover. Conversely, if the market rent is lower, landlords may see a surplus above their actual rental costs.
In conclusion, landlords in ZIP 83848 should anticipate a reimbursement of about $1,155 for a two-bedroom apartment when a tenant uses a Section 8 voucher. This amount includes both the rent subsidy and utility allowance. The exact reimbursement will depend on the tenant's income and specific utility needs, but it provides a clear framework for understanding the economic realities of participating in the Section 8 program in this area.
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.