How many renters live in Bonners Ferry, Idaho?
The City of Bonners Ferry has 2,558 people living in 908 households.
There are 1,029 renters living in 414 renter households in this City. Renters make up 40.23 percent of the population living in Bonners Ferry.
What is the rental market like in Bonners Ferry, Idaho?
There are an estimated 1,037 housing units in the Bonners Ferry area. Of these, 461 units are rental homes, making up 44 percent of the housing market. For every renter household in Bonners Ferry, Idaho, there are 1 rental units.
What is the vacancy rate for rentals in Bonners Ferry?
The rental vacancy rate in Bonners Ferry is 10 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Bonners Ferry for each bedroom size?
Occupied Rental Units by Size in Bonners Ferry
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 29 | 70 | 157 | 127 | 7 |
Occupied Rental Units by Size in Bonners Ferry
A large number of apartments in Bonners Ferry have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Bonners Ferry are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 7 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Bonners Ferry
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $671 to $1,551. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $671 |
| One BR | $696 |
| Two BR | $914 |
| Three BR | $1,288 |
| Four BR | $1,551 |
2024 Fair Market Rents in Bonners Ferry, Idaho
How many units are rented at Fair Market Rent (FMR) in Bonners Ferry?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 14 | 48 percent |
| One BR | 63 | 90 percent |
| Two BR | 86 | 55 percent |
Rental Units Below FMR in Bonners Ferry, Idaho
How many affordable rental units are in Bonners Ferry?
There are a variety of federal affordable housing programs serving households in Bonners Ferry, Idaho including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 31 |
| Section 8 Project-Based Rental Assistance | 18 |
| Section 202 Supportive Housing for the Elderly | 1 |
| USDA Section 515 Rural Rental Housing | 89 |
Tracked Units by Federal Program in Bonners Ferry, Idaho
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bonners Ferry, Idaho
Bonners Ferry features 98 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Bonners Ferry, Idaho
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bonners Ferry.
Housing Choice Vouchers in Bonners Ferry, Idaho
On average, Section 8 Housing Choice vouchers pay Bonners Ferry landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bonners Ferry.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bonners Ferry, Idaho for a two-bedroom apartment is between $823 and $1,005.
Sourced from federal housing data and AffordableHousingOnline.com research.
