Real Estate Investing in Parma, Idaho (83660)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83660 (Parma, ID)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 28.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Parma, ID (83660)?
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Market Analysis: 83660 Parma
The 83660 ZIP covers a section of Parma that demands careful diligence. Prices near $516K look accessible, but the work to make a deal cash flow is real.
Rent of $1,494/mo on a $516K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 83660 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 83660 among ID's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 83660 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Parma's stable or hybrid ZIPs before stepping into 83660. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Parma:
Property Strategy for 83660
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $403,714 | $1,660 | 3.0% | +9.0% | $201,857 |
| 3BR | $436,222 | $2,320 | 3.8% | +8.9% | $145,407 |
| 4BR | $569,957 | $2,780 | 3.5% | +8.4% | $142,489 |
Market Trends
Home Value History (with trend line)
📊 How Does 83660 Compare?
| Metric | 83660 | Parma | Boise City, ID | Idaho |
|---|---|---|---|---|
| Home Value | $516,060 | $516,060 | N/A | $465,545 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 7.2% |
| Avg Rent | $1,494 | $1,494 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83660 (Parma, ID). Anonymous, moderated, never written by AI.
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Property managers serving Canyon County
Manage rentals here? List your business →Ace Property Management is a bilingual full-service management company in Nampa, Idaho, with 29 years of experience, including 16 years managing for the Federal Government. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $516,060 |
| Monthly Rent | $1,494 |
| Price-to-Rent | 28.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +11.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 83660
Population: 6,401
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 83660
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Which investment style suits Parma, ID?
In Parma, ID the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $516K prices and $1,494/mo rents suits that approach.
Is vacancy a concern in Parma, ID?
Occupancy in Parma, ID runs measured with elevated vacancy. Well-priced units at $1,494/mo lease on reasonable timelines.
What do landlords charge for rent in Parma, ID?
The typical rental in Parma, ID commands about $1,494/mo monthly. That rent profile reliable cash flow against the $516K purchase basis.
Is house hacking profitable in Parma, ID?
The a challenging house-hack environment in Parma, ID reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are landlord laws favorable in Parma, ID?
Parma, ID falls under ID landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 83660 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 83660 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 83660 ranks in Boise City, ID
Every ZIP in this metro, ranked. Free.
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