Location: Benewah County, ID | Metro: Benewah County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 83866 in metro FY 2026 is set at $1,090. This figure represents the payment standard for Section 8 housing assistance in the area, meaning it is the maximum amount the government will pay toward your tenant's rent. However, this does not dictate the actual rent you can charge; it serves as an upper limit for the subsidy portion.
To understand the demand for rentals in this area, consider that 33.7% of residents are renters. This indicates a significant portion of the population relies on rental properties, creating a steady demand for affordable housing options.
When evaluating whether to take on a Section 8 rental property, it's crucial to note that the acquisition cost of such properties is not specified here as N/A. Nonetheless, the FMR can help guide your pricing strategy to ensure profitability while remaining within the subsidy limits.
A key factor in deciding to enter the Section 8 market is verifying the condition of the property. The Housing Quality Standards (HQS) must be met for the property to qualify for Section 8 tenancy. This involves ensuring the property is safe, decent, and sanitary, which includes items like functional plumbing and heating systems, structural integrity, and compliance with local health and safety codes.
In summary, if you're considering your first Section 8 rental in ZIP 83866, the FMR of $1,090 provides a benchmark for the subsidy you can expect. With a substantial 33.7% of the population renting, there is a clear demand for rental units. Before finalizing your decision, ensure the property meets the necessary HQS requirements to avoid any delays or complications in securing a Section 8 tenant.
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.