Blackfoot ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Blackfoot, ID Real Estate Data

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 Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Blackfoot Housing Market Information

With 11,946 people, 4,210 houses or apartments, and a median cost of homes of $191,885, Blackfoot real estate values are some of the lowest in Idaho, although compared to real estate around the nation, Blackfoot homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Blackfoot, accounting for 64.10% of the city's housing units. Other types of housing that are prevalent in Blackfoot include duplexes, homes converted to apartments or other small apartment buildings ( 15.40%), large apartment complexes or high rise apartments ( 11.39%), and a few mobile homes or trailers ( 6.46%).

The most prevalent building size and type in Blackfoot are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.83% owning and 40.17% renting.

There is a lot of housing in Blackfoot 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 Blackfoot built between 1940-1969 ( 32.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.77%). There's also some housing in Blackfoot built before 1939 ( 10.47%).

Vacant housing appears to be an issue in Blackfoot. Fully 12.02% of the housing stock is classified as vacant. Left unchecked, vacant Blackfoot homes and apartments can be a drag on the real estate market, holding Blackfoot real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Blackfoot Home Appreciation Rates

Appreciation rates for homes in Blackfoot have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 41.20%, which ranks in the top 30% nationwide. This equates to an annual average Blackfoot house appreciation rate of 3.51%.

Appreciation rates are so strong in Blackfoot that despite a nationwide downturn in the housing market, Blackfoot real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Blackfoot appreciation rates continue to be some of the highest in America, at 14.31%, which is higher than appreciation rates in 98.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Blackfoot. Blackfoot appreciation rates in the latest quarter were at 2.92%, which equates to an annual appreciation rate of 12.22%.

Importantly, this makes Blackfoot one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Idaho, our data show that Blackfoot's latest annual appreciation rate is higher than 80% 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 Blackfoot differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Blackfoot - 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 Blackfoot real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$191,885

Blackfoot, ID HOME PRICES

Value Range
> $1,344,000 0.0
$1,009,001 - $1,344,000 0.0
$672,001 - $1,009,000 1.6
$538,001 - $672,000 1.2
$403,001 - $538,000 2.7
$269,001 - $403,000 14.3
$135,001 - $269,000 50.3
$67,001 - $135,000 23.2
$0 - $67,000 6.6

Very Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
43.5153284671533 84.6774193548387

Number Of Homes And Apartments:
4,210

Blackfoot Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
105.63% 3.62%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$906 / per month

Homeownership Rate

Homeownership
Owners 59.83
Renters 40.17
Vacant 12.02

Housing Market Details

 

Age of Homes

AGE OF Blackfoot HOMES
2000 or Newer 11.8
1970 - 1999 45.7
1940 - 1969 32.1
1939 or Older 10.5

Types of Homes

TYPE OF Blackfoot HOMES
Single-Family 64.1
Townhomes 2.7
Small Apt. Buildings 15.4
Apt. Complexes 11.4
Mobile Homes 6.5
Other 0.0

Home Size

SIZE OF Blackfoot HOMES
No Bedroom 2.97
1 Bedroom 8.40
2 Bedrooms 27.48
3 Bedrooms 34.50
4 Bedrooms 17.83
5 or more bedrooms 8.82

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Zip Codes in Blackfoot, ID