How many renters live in Shoshone, Idaho?
The City of Shoshone has 1,687 people living in 623 households.
There are 349 renters living in 169 renter households in this City. Renters make up 20.69 percent of the population living in Shoshone.
What is the rental market like in Shoshone, Idaho?
There are an estimated 665 housing units in the Shoshone area. Of these, 169 units are rental homes, making up 25 percent of the housing market. For every renter household in Shoshone, Idaho, there are 1 rental units.
What is the vacancy rate for rentals in Shoshone?
The rental vacancy rate in Shoshone is 0 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 Shoshone for each bedroom size?
Occupied Rental Units by Size in Shoshone
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 7 | 82 | 71 | 3 |
Occupied Rental Units by Size in Shoshone
A large number of apartments in Shoshone 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 Shoshone are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 25 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 Shoshone
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $665 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $665 |
| One BR | $726 |
| Two BR | $905 |
| Three BR | $1,275 |
| Four BR | $1,536 |
2024 Fair Market Rents in Shoshone, Idaho
How many units are rented at Fair Market Rent (FMR) in Shoshone?
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 |
| One BR | 0 | 100 percent |
| Two BR | 65 | 79 percent |
Rental Units Below FMR in Shoshone, Idaho
How many affordable rental units are in Shoshone?
There are a variety of federal affordable housing programs serving households in Shoshone, Idaho including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 12 |
Tracked Units by Federal Program in Shoshone, Idaho
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Shoshone, Idaho
Shoshone features 20 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 Shoshone, Idaho
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shoshone.
Housing Choice Vouchers in Shoshone, Idaho
On average, Section 8 Housing Choice vouchers pay Shoshone landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Shoshone.
The maximum amount a voucher would pay on behalf of a low-income tenant in Shoshone, Idaho for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
