Location: Latah County, ID | Metro: Latah County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP 83871 in the Latah County, ID metro area reveals several key points. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $1,040. In comparison, the current market rent based on Census ACS data is $856. This indicates that voucher tenants in this area would typically cashflow at the FMR level, allowing landlords to receive a higher payment than the average market rate.
To further evaluate the investment potential, consider the median home value in ZIP 83871, which stands at $502,221. Using the HUD FMR of $1,040, we can calculate a rent-to-price ratio of approximately 0.25%. This suggests that rental income represents a small portion of the property's total value, making it less favorable for buy-and-hold investors seeking high yields solely from rental income. However, it does provide a stable income stream with the potential for capital appreciation.
The dynamics between renting and buying in this market are also worth noting. The median days on market (DOM) is N/A, and the percentage of homes that experienced price cuts is also N/A. These figures suggest that the housing market is relatively stable, with few homes needing to be discounted or taking extended periods to sell. This stability can be beneficial for investors, as it reduces the risk of significant price fluctuations.
In summary, ZIP 83871 offers a strong cashflow opportunity for Section 8 landlords due to the difference between the HUD FMR and the market rent. While the rent-to-price ratio is low, indicating less favorable conditions for purely rental yield-focused investments, the overall stability of the market presents a compelling case for long-term investors looking for steady returns and the potential for property value appreciation.
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.