Location: Shoshone County, ID | Metro: Shoshone County, ID
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The ZIP code 83874 presents an interesting scenario for real-estate investment, particularly in the context of Section 8 properties. With a Fair Market Rent (FMR) of $970 for the fiscal year 2026, it aligns closely with the metro average but stands out due to the lack of available market and home value data. This suggests that the rental sector might be more dominant here compared to the purchase market.
In terms of yield, the FMR figure of $970 indicates that landlords can expect to receive this amount per month for a Section 8 voucher holder in the area. However, the absence of market rent and home value data complicates the full assessment of potential returns. Typically, areas with a significant gap between FMR and market rents are more attractive for high-yield investments, but in this case, we cannot make such a comparison.
Regarding stability, the ZIP code has a reported 0.0% of renters, which is likely a statistical anomaly or an incomplete dataset. The Days on Market (DOM) figure is also missing, making it difficult to assess how quickly properties might be leased. Despite these gaps, the median household income of $42,500 provides some insight into the economic health of the area. This income level is relatively low, which could indicate a higher demand for affordable housing solutions like those offered through Section 8.
Given the limited data, it's challenging to definitively classify 83874 as either a high-yield/low-stability flip-style market or a steady-cashflow zone. However, the combination of a defined FMR and a lower median income suggests a stable cash flow opportunity for landlords willing to engage with the Section 8 program. The investment strategy should focus on securing long-term tenants who can benefit from the affordable housing rates, thereby ensuring consistent rental income.
To make a more informed decision, additional research on local market conditions and trends would be necessary. Specifically, understanding the actual market rents and the dynamics of the local real estate market would provide clearer insights into the potential yields and stability of investments in ZIP code 83874.
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.