How many renters live in Post Falls, Idaho?
The City of Post Falls has 40,002 people living in 14,430 households.
There are 11,736 renters living in 4,624 renter households in this City. Renters make up 29.34 percent of the population living in Post Falls.
What is the rental market like in Post Falls, Idaho?
There are an estimated 15,230 housing units in the Post Falls area. Of these, 4,759 units are rental homes, making up 31 percent of the housing market. For every renter household in Post Falls, Idaho, there are 1 rental units.
What is the vacancy rate for rentals in Post Falls?
The rental vacancy rate in Post Falls is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Post Falls for each bedroom size?
Occupied Rental Units by Size in Post Falls
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 95 | 785 | 1,631 | 1,667 | 421 |
Occupied Rental Units by Size in Post Falls
A large number of apartments in Post Falls 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 Post Falls are overburdened by housing costs?
Among renter households in this market, 48 percent have housing cost burden. Further, 23 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 Post Falls
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $853 to $2,135. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $853 |
| One BR | $1,042 |
| Two BR | $1,258 |
| Three BR | $1,773 |
| Four BR | $2,135 |
2024 Fair Market Rents in Post Falls, Idaho
How many units are rented at Fair Market Rent (FMR) in Post Falls?
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 | 42 | 44 percent |
| One BR | 289 | 37 percent |
| Two BR | 1,084 | 66 percent |
Rental Units Below FMR in Post Falls, Idaho
How many affordable rental units are in Post Falls?
There are a variety of federal affordable housing programs serving households in Post Falls, Idaho including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 571 |
| Section 202 Supportive Housing for the Elderly | 51 |
| USDA Section 515 Rural Rental Housing | 108 |
Tracked Units by Federal Program in Post Falls, Idaho
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Post Falls, Idaho
Post Falls features 216 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 Post Falls, Idaho
There are 606 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Post Falls.
Housing Choice Vouchers in Post Falls, Idaho
On average, Section 8 Housing Choice vouchers pay Post Falls landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Post Falls.
The maximum amount a voucher would pay on behalf of a low-income tenant in Post Falls, Idaho for a two-bedroom apartment is between $1,132 and $1,384.
Sourced from federal housing data and AffordableHousingOnline.com research.
