Location: Latah County, ID | Metro: Latah County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 83855 in Latah County, ID metro, reveals several key points. The Fair Market Rent (FMR) set by HUD for this area is $1,010 per month for FY 2026. In comparison, the market rent based on Census ACS data is $692 per month, indicating that voucher tenants can cashflow at the FMR rate without requiring premium units.
To further analyze the investment potential, consider the median home value of $395,999 in the area. This figure allows us to derive a rent-to-price ratio, which stands at approximately 1.67%. This ratio suggests that rental income represents a relatively small portion of the total property value, implying that appreciation rather than rental yield might be the primary driver of returns in this market.
However, it's important to note that the data does not provide specific figures for the median days on market (DOM) or the percentage of properties that experience price cuts. These metrics would typically help understand the rent-versus-buy dynamics better. Given the absence of such data, we must rely on other indicators to assess the market's favorability towards investors.
In summary, the strong investor angle in ZIP 83855 is likely to be appreciation. The relatively high median home value combined with a lower market rent indicates that property values have significant growth potential, making it an attractive location for long-term investment focused on capital gains.
Data Sources: FMR data from HUD (2027). 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.