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 | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $243,385 | 0.46% | F |
| 3BR | $1,380 | $319,127 | 0.43% | F |
U.S. Census Bureau data (2024)
To determine if a landlord should invest in ZIP 83849 (Osburn, ID) for Section 8 properties, follow this decision tree:
1) Does the Fair Market Rent (FMR) of $970 per month clear the debt service on a $281,782 property?
No. The average FMR of $970 is insufficient to cover the debt service on a property valued at $281,782. This implies that the monthly rental income would not be enough to pay off the mortgage and other expenses associated with owning such a property. Therefore, purchasing a high-value property in Osburn, ID, specifically for Section 8 tenants, would not be financially viable.
2) Is the market rent of $1,011 (from Census ACS) above, at, or below the FMR?
Above. The market rent of $1,011 exceeds the FMR of $970. This suggests that non-Section 8 tenants might be able to afford higher rents, making the area attractive for general rental investments rather than exclusively targeting Section 8 tenants.
3) Are 21.7% renters combined with an unknown number of days on the market (DOM) enough demand?
It depends. With 21.7% of the population renting, there is some demand for rental properties. However, the lack of data on days on the market (DOM) makes it difficult to assess how quickly properties can be leased. If the DOM is low, indicating quick leasing, then the demand could be considered sufficient. Conversely, if the DOM is high, it might suggest challenges in finding tenants, even though the percentage of renters is present.
In conclusion, based on the provided data, a landlord considering ZIP 83849 (Osburn, ID) for Section 8 investments should focus on lower-priced properties where the FMR of $970 can sufficiently cover the debt service. Additionally, given the market rent is above the FMR, the landlord might consider diversifying their portfolio to include non-Section 8 tenants to maximize potential returns. Lastly, while the percentage of renters is present, the absence of DOM data means that further investigation into local leasing trends is necessary before making a final investment decision.
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.