Location: Coeur d'Alene, ID | Metro: Coeur d'Alene, ID MSA
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 | $1,180 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,200 | $425,851 | 0.28% | F |
| 2BR | $1,400 | $438,096 | 0.32% | F |
| 3BR | $1,940 | $548,542 | 0.35% | F |
| 4BR | $2,340 | $700,856 | 0.33% | F |
| 5BR | $2,714 | $907,715 | 0.3% | F |
U.S. Census Bureau data (2024)
Rathdrum, ID, located within the Coeur d'Alene, ID Metropolitan Statistical Area (MSA), presents a strategic opportunity for inclusion in a Section 8 real estate portfolio. This ZIP code, 83858, is best categorized as an appreciation play due to its favorable market conditions and potential for capital gains.
The median Fair Market Rent (FMR) for ZIP 83858 in fiscal year 2024 is set at $1310, which is slightly below the market rent of $1,408. However, the primary appeal lies in the robust median home value of $573,727, indicating a strong underlying property market. With only a 0.1% share of homes requiring price cuts to sell and an average Days on Market (DOM) of 37 days, properties in Rathdrum are highly sought after and can be expected to appreciate in value over time.
While the FMR does not provide a significant cash flow anchor, the overall stability and growth potential of the local real estate market make it an excellent choice for long-term investment. The low percentage of homes needing price reductions and quick sales cycles suggest that property values are likely to remain steady or increase, providing a solid foundation for appreciation-focused strategies.
The median income in Rathdrum is $95,380, reflecting a middle-class community where residents are likely to have stable employment and financial situations. Although the renter share stands at 18.3%, this figure should not be seen as a deterrent but rather as an indicator of a balanced housing market. Landlords and small-portfolio investors can leverage this mix by focusing on rental properties that cater to the needs of the local population while also keeping an eye on potential resale opportunities.
In conclusion, ZIP 83858 is best suited as an appreciation play within a Section 8 portfolio strategy. Its strong property market fundamentals and favorable economic indicators position it as a reliable asset for those looking to build wealth through real estate appreciation.
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.