Burley, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Burley Neighborhoods Since 2000




Burley, 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

Burley Housing Market Information

With 10,436 people, 3,419 houses or apartments, and a median cost of homes of $144,386, Burley real estate values are some of the lowest in Idaho, although compared to real estate around the nation, Burley homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Burley, accounting for 73.73% of the city's housing units. Other types of housing that are prevalent in Burley include large apartment complexes or high rise apartments ( 12.27%), duplexes, homes converted to apartments or other small apartment buildings ( 6.80%), and a few mobile homes or trailers ( 4.84%).

The most prevalent building size and type in Burley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.77% owning and 37.23% renting.

There is a lot of housing in Burley 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 Burley built between 1940-1969 ( 35.96%). A lesser amount of the housing stock also hails from before 1939 ( 14.53%). There's also some housing in Burley built between 2000 and later ( 10.10%).

Burley Home Appreciation Rates

Appreciation rates for homes in Burley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.98%, which ranks in the top 30% nationwide. This equates to an annual average Burley house appreciation rate of 1.23%.

NeighborhoodScout's data show that during the latest twelve months, Burley's appreciation rate, at 3.20%, has been at or slightly above the national average. In the latest quarter, Burley's appreciation rate has been 0.51%, which annualizes to a rate of 2.04%.

Relative to Idaho, our data show that Burley's latest annual appreciation rate is lower than 80% of the other cities and towns in Idaho.

Average Home Values

 

Median Home Value:
$144,386

Burley, ID HOME PRICES

Value Range
> $1,131,000 0.1
$848,001 - $1,131,000 0.0
$565,001 - $848,000 0.9
$453,001 - $565,000 1.5
$339,001 - $453,000 2.2
$226,001 - $339,000 11.3
$113,001 - $226,000 37.7
$57,001 - $113,000 33.6
$0 - $57,000 12.7

Very Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
52.5547872963788 82.1138211382114

Number Of Homes And Apartments:
3,419

Burley 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
46.48% 2.24% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$741 / per month

Homeownership Rate

Homeownership
Owners 62.77
Renters 37.23
Vacant 5.94

Housing Market Details

 

Age of Homes

AGE OF Burley HOMES
2000 or Newer 10.1
1970 - 1999 39.4
1940 - 1969 36.0
1939 or Older 14.5

Types of Homes

TYPE OF Burley HOMES
Single-Family 73.7
Townhomes 2.2
Small Apt. Buildings 6.8
Apt. Complexes 12.3
Mobile Homes 4.8
Other 0.2

Home Size

SIZE OF Burley HOMES
No Bedroom 4.18
1 Bedroom 11.09
2 Bedrooms 26.91
3 Bedrooms 37.61
4 Bedrooms 9.08
5 or more bedrooms 11.14

Popular Neighborhoods in Burley

Zip Codes in Burley, ID