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 | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $281,838 | 0.42% | F |
| 3BR | $1,460 | $352,708 | 0.41% | F |
| 4BR | $1,990 | $416,382 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 83850, located in Pinehurst, ID, presents an interesting scenario for real-estate investors looking into Section 8 properties. With a Fair Market Rent (FMR) of $1,120 for the metro area in fiscal year 2026, it stands out compared to the market rent of $956. This discrepancy suggests a higher potential yield when utilizing Section 8 funding.
However, the stability of this market is less robust. The average home value in the area is $303,429, which is relatively high but must be considered alongside the percentage of renters, which is 19.9%. This indicates that a significant portion of the population relies on rental housing, potentially leading to higher demand for Section 8 properties. Unfortunately, there is no data available for the number of days on market (DOM), which could provide insight into how quickly properties are rented out. The median household income of $67,574 is moderate and may affect the ability of tenants to cover any shortfall between the FMR and the actual rent amount.
Given these figures, 83850 leans towards being a high-yield market due to the favorable FMR compared to market rent. However, the low percentage of renters and lack of DOM data suggest a lower stability, making it more akin to a flip-style market where quick turnover and higher rents are key considerations. Landlords should be prepared for a market where they might need to rely heavily on Section 8 vouchers to ensure occupancy and steady cash flow. Despite the high yield potential, the relatively low median income and limited rental market size indicate that investors should proceed with caution and carefully evaluate the risk of vacancy or non-payment.
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.