Blackfoot, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Blackfoot Neighborhoods Since 2000




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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Blackfoot Housing Market Information

With 11,740 people, 4,225 houses or apartments, and a median cost of homes of $141,911, 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 66.05% 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 ( 15.34%), large apartment complexes or high rise apartments ( 9.61%), and a few mobile homes or trailers ( 4.90%).

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 57.66% owning and 42.34% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Blackfoot's housing was primarily built during this period, from the '40s through the '60s. A full 36.83% of the city's housing hails from this era. Other housing ages represented in Blackfoot include homes built between 1970-1999 ( 36.40%) and housing constructed between 2000 and later ( 14.08%). There's also some housing in Blackfoot built before 1939 ( 12.69%).

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 8.47%, which ranks in the top 40% nationwide. This equates to an annual average Blackfoot house appreciation rate of 0.82%.

NeighborhoodScout's data show that during the latest twelve months, Blackfoot's appreciation rate, at 4.06%, has been at or slightly above the national average. In the latest quarter, Blackfoot's appreciation rate has been 0.51%, which annualizes to a rate of 2.04%.

Relative to Idaho, our data show that Blackfoot's latest annual appreciation rate is lower than 70% 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:
$141,911

Blackfoot, ID HOME PRICES

Value Range
> $1,110,000 0.0
$832,001 - $1,110,000 0.0
$555,001 - $832,000 0.0
$444,001 - $555,000 0.6
$333,001 - $444,000 3.7
$222,001 - $333,000 12.2
$111,001 - $222,000 52.3
$56,001 - $111,000 24.5
$0 - $56,000 6.7

Very Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
53.8790577756944 83.739837398374

Number Of Homes And Apartments:
4,225

Blackfoot Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
52.44% 2.47% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$791 / per month

Homeownership Rate

Homeownership
Owners 57.66
Renters 42.34
Vacant 8.35

Housing Market Details

 

Age of Homes

AGE OF Blackfoot HOMES
2000 or Newer 14.1
1970 - 1999 36.4
1940 - 1969 36.8
1939 or Older 12.7

Types of Homes

TYPE OF Blackfoot HOMES
Single-Family 66.1
Townhomes 4.1
Small Apt. Buildings 15.3
Apt. Complexes 9.6
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Blackfoot HOMES
No Bedroom 2.43
1 Bedroom 6.53
2 Bedrooms 28.96
3 Bedrooms 33.99
4 Bedrooms 17.55
5 or more bedrooms 10.54

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Zip Codes in Blackfoot, ID