Location: Benewah County, 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 | $1,000 |
| 1 Bedroom | $1,180 |
| 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 |
|---|---|---|---|---|
| 2BR | $1,400 | $708,913 | 0.2% | F |
| 3BR | $1,940 | $863,124 | 0.22% | F |
| 4BR | $2,340 | $1,079,583 | 0.22% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 83876 (Worley, ID) on the axes of yield and stability reveals it to be a moderate cash flow opportunity with some considerations regarding stability.
Starting with yield, the Fair Market Rent (FMR) for ZIP 83876 in fiscal year 2024 is set at $1,110. This is notably higher than the market rent of $906, indicating a potential upside for landlords who can secure Section 8 tenants. The median home value of $842,766 is significantly higher, which suggests that the area is primarily residential with a focus on homeownership rather than rental properties. However, the discrepancy between FMR and market rent points to a possible yield enhancement through Section 8 participation.
Moving on to stability, the data indicates that only 17.7% of residents are renters, which is relatively low. This percentage suggests that the rental market might be less robust compared to areas with a higher proportion of renters. The lack of data on days on market (DOM) makes it difficult to assess how quickly rental units turn over, but the low percentage of renters implies that there could be slower turnover rates. Additionally, the average household income of $60,729 provides a reasonable level of financial security for potential tenants, though it's lower than what would typically support a high-rent environment given the median home value.
In conclusion, ZIP 83876 leans towards being a steady-cashflow zone due to the stable income levels and the presence of a rental market, albeit a smaller one. The potential for higher yields through Section 8 participation exists, but the overall stability of the market is somewhat compromised by the low percentage of renters and the absence of DOM data. Landlords should proceed with caution, focusing on securing reliable tenants while being aware of the potential challenges in maintaining a steady stream of rental income.
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.