Ketchum appreciation rates and housing market information

Ketchum housing market information

With a population of 2,996, 2,947 total housing units (homes and apartments), and a median house value of $814,120, Ketchum house prices are not only among the most expensive in Idaho, Ketchum real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Ketchum, accounting for 32.51% of the city's housing units. Other types of housing that are prevalent in Ketchum include duplexes, homes converted to apartments, or other small apartment buildings (28.03%), large apartment complexes or high rise apartments (24.74%), row houses and other attached homes (14.12%), and a few mobile homes or trailers (0.61%).

People in Ketchum primarily live in small (one, two, or no bedroom) single-family detached homes. Ketchum has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Ketchum built from 1970-1994, 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 Ketchum built from 1940-1969 (14.46%). A lesser amount of the housing stock also hails from 1995 and later (13.44%), and some were built from 1939 and earlier (13.44%).

A decent proportion of the Ketchum housing stock is seasonally occupied. That is, homes and condos in Ketchum are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Ketchum housing market speaks to its popularity as a vacation location of choice.

Ketchum home appreciation rates

In the last 10 years, Ketchum has experienced some of the highest home appreciation rates of any community in the nation. Ketchum real estate appreciated 116.69% over the last ten years, which is an average annual home appreciation rate of 11.66%, putting Ketchum in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ketchum 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 Ketchum that despite a nationwide downturn in the housing market, Ketchum real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ketchum appreciation rates continue to be some of the highest in America, at 2.67%, which is higher than appreciation rates in 71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ketchum. Ketchum appreciation rates in the latest quarter were at 0.27%, which equates to an annual appreciation rate of 1.08%.

Relative to Idaho, our data show that Ketchum's latest annual appreciation rate is higher than 77% of the other cities and towns in Idaho.