Idaho Falls, ID Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Idaho Falls, ID Housing Market Trends

With a population of 62,888, 22,889 total housing units (homes and apartments), and a median house value of $233,719, Idaho Falls real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Idaho Falls, accounting for 66.55% of the city's housing units. Other types of housing that are prevalent in Idaho Falls include duplexes, homes converted to apartments or other small apartment buildings ( 12.78%), large apartment complexes or high rise apartments ( 12.45%), and a few row houses and other attached homes ( 4.87%).

The most prevalent building size and type in Idaho Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.92% owning and 38.08% renting.

There is a lot of housing in Idaho Falls built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Idaho Falls built between 1940-1969 ( 32.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.84%). There's also some housing in Idaho Falls built before 1939 ( 9.16%).

Idaho Falls Home Appreciation Rates

In the last 10 years, Idaho Falls has experienced some of the highest home appreciation rates of any community in the nation. Idaho Falls real estate appreciated 67.84% over the last ten years, which is an average annual home appreciation rate of 5.31%, putting Idaho Falls in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Idaho Falls definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Idaho Falls that despite a nationwide downturn in the housing market, Idaho Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Idaho Falls appreciation rates continue to be some of the highest in America, at 12.16%, which is higher than appreciation rates in 99.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Idaho Falls. Idaho Falls appreciation rates in the latest quarter were at 4.30%, which equates to an annual appreciation rate of 18.36%.

Importantly, NeighborhoodScout’s exclusive research found that Idaho Falls's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Idaho, our data show that Idaho Falls's latest annual appreciation rate is higher than 90% of the other cities and towns in Idaho.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Idaho Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Idaho Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Idaho Falls real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$233,719

Idaho Falls, ID HOME PRICES

> $1,420,000
0.5%
0.5%
$1,065,001 - $1,420,000
0.4%
0.4%
$710,001 - $1,065,000
1.6%
1.6%
$569,001 - $710,000
1.7%
1.7%
$426,001 - $569,000
5.5%
5.5%
$284,001 - $426,000
18.1%
18.1%
$142,001 - $284,000
54.5%
54.5%
$71,001 - $142,000
14.1%
14.1%
$0 - $71,000
3.7%
3.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for ID

Value Relative To Nation

Number Of Homes And Apartments:
22,889

Idaho Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
120.37% 3.83%
4
9
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,040 / per month

Homeownership Rate

Owners
61.9%
61.9%
Renters
38.1%
38.1%
Vacant
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
18.8%
18.8%
1970 - 1999
39.4%
39.4%
1940 - 1969
32.6%
32.6%
1939 or Older
9.2%
9.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.6%
66.6%
Townhomes
4.9%
4.9%
Small Apt. Buildings
12.8%
12.8%
Apt. Complexes
12.5%
12.5%
Mobile Homes
3.2%
3.2%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
8.4%
8.4%
2 Bedrooms
24.6%
24.6%
3 Bedrooms
28.0%
28.0%
4 Bedrooms
19.3%
19.3%
5 or more bedrooms
17.2%
17.2%
0.0% 100.0%
% OF HOMES

Popular Communities Near Idaho Falls, ID

Zip Codes in Idaho Falls, ID