Real Estate Investing in Nordman, Idaho (83848)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83848 (Nordman, 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 vacancy: 77.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 69.3 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Nordman, ID (83848)?
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Market Analysis: 83848 Nordman
The 83848 ZIP covers a section of Nordman that demands careful diligence. Prices near $733K look accessible, but the work to make a deal cash flow is real.
The investment case in 83848 is solid only for operators who understand what they are buying. A $733K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 83848 and stronger Nordman ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A significant renter share of 10% in 83848 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 83848 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Nordman:
Property Strategy for 83848
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $550,120 | $980 | 1.3% | +9.9% | $275,060 |
| 3BR | $795,977 | $1,370 | 1.2% | +9.6% | $265,326 |
Market Trends
Home Value History (with trend line)
📊 How Does 83848 Compare?
| Metric | 83848 | Nordman | Sandpoint, ID | Idaho |
|---|---|---|---|---|
| Home Value | $733,003 | $733,003 | N/A | $465,545 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 7.2% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 0.9% | 0.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83848 (Nordman, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $733,003 |
| Monthly Rent | $882 |
| Price-to-Rent | 69.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.4% |
| Cap Rate | 0.9% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (0.9%). 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 83848
Population: 275
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
Frequently Asked Questions
Where do home prices stand in Nordman, ID?
Homes in Nordman, ID typically sell near $733K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
How does Nordman, ID rate as a rental market?
Yes - Nordman, ID a 3.0/5 investability score. With $733K home prices against $882/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Nordman, ID good for landlords?
The landlord environment in Nordman, ID is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What does house hacking look like in Nordman, ID?
Nordman, ID offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $882/mo rent level.
What real estate strategy is ideal for Nordman, ID?
Investors usually favor careful cash-flow rentals with hands-on management in Nordman, ID. With home values at $733K and rents near $882/mo, other strategies can work but produce consistent rather than outsized returns.
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