Location: Benewah County, ID | Metro: Benewah County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
In ZIP code 83870, potential pitfalls for Section 8 landlords are notable. Tenant turnover is a significant risk, with market rents set at $455 compared to the Federal Market Rent (FMR) of $1,070 for fiscal year 2026. This gap suggests that tenants might be attracted to higher-paying opportunities outside the voucher program, leading to increased churn and associated costs.
Vacancy exposure is another concern. The average days on market (DOM) for properties in this area is not available, which makes it difficult to predict how long a unit might remain vacant between tenants. This uncertainty can lead to financial strain for landlords, especially when considering the need for consistent rental income.
Deferred maintenance is also a critical issue. With a median income of $51,250, residents may struggle to afford substantial home improvements or repairs, leaving landlords responsible for maintaining property standards. The lack of data on typical home values in the area further complicates assessing the overall condition and potential maintenance costs of rental units.
However, these risks must be weighed against the high concentration of renters in ZIP 83870, with 23.0% of the population renting their homes. High renter density typically translates into robust demand for housing vouchers, potentially stabilizing occupancy rates and providing a reliable source of tenants who can afford the rent through government assistance.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.