Real Estate Investing in Spirit Lake, Idaho (83869)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83869 (Spirit Lake, ID)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 17.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 42.3 — 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 Spirit Lake, ID (83869)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 83869 Spirit Lake
Turning to rents, ZIP 83869 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $604K median. It rewards specialists, not generalists.
The 83869 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader ID picture, 83869 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 83869 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Spirit Lake:
Property Strategy for 83869
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $438,497 | $1,110 | 1.8% | +9.5% | $438,497 |
| 2BR | $476,222 | $1,320 | 2.0% | +9.4% | $238,111 |
| 3BR | $562,899 | $1,850 | 2.4% | +8.9% | $187,633 |
| 4BR | $755,348 | $2,210 | 2.1% | +10.4% | $188,837 |
| 5BR | $909,657 | — | — | +10.9% | $181,931 |
Market Trends
Home Value History (with trend line)
📊 How Does 83869 Compare?
| Metric | 83869 | Spirit Lake | Coeur d'Alene, ID | Idaho |
|---|---|---|---|---|
| Home Value | $603,625 | $603,625 | N/A | $465,545 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 7.2% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 1.5% | 1.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83869 (Spirit Lake, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $603,625 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 42.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.5% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +10.8% ▲ |
🏠 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 (1.5%). 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 83869
Population: 5,278
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 83869
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
What is the typical renter like in Spirit Lake, ID?
Spirit Lake, ID offers a consistent renter base at the $1,188/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are eviction rules reasonable in Spirit Lake, ID?
For rental operators, Spirit Lake, ID rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the median home value in Spirit Lake, ID?
Typical homes in Spirit Lake, ID go for around $604K. The 5-year CAGR of 0.0% predictable price movement.
What do landlords charge for rent in Spirit Lake, ID?
Expect rents around $1,188/mo per month in Spirit Lake, ID. With home values at $604K, the yield math works out to reasonable levels for rental investors.
Should investors worry about vacancy in Spirit Lake, ID?
Spirit Lake, ID sees elevated vacancy, which is reasonable relative to the broader ID rental market.
You know 83869 now. You don’t know where it ranks.
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How 83869 ranks in Coeur d'Alene, ID
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