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Craigmont, 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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Craigmont, ID Housing Market Trends

With 458 people, 246 houses or apartments, and a median cost of homes of $226,967, Craigmont real estate values are some of the lowest in Idaho, although compared to real estate around the nation, Craigmont homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Craigmont, accounting for 81.82% of the city's housing units. Other types of housing that are prevalent in Craigmont include mobile homes or trailers ( 17.13%), duplexes, homes converted to apartments or other small apartment buildings ( 1.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Craigmont. Owner-occupied housing accounts for 86.59% of Craigmont's homes, and 58.74% have either three or four bedrooms, which is average sized relative to America.

The housing in Craigmont was primarily built before 1939 ( 35.31%), making the housing stock in Craigmont some of the oldest overall in America, although there is a range of ages of homes in Craigmont. The next most important housing age is between 1970-1999 ( 34.97%), followed by between 1940-1969 ( 27.27%). There's also some housing in Craigmont built between 2000 and later ( 2.45%).

Vacant housing appears to be an issue in Craigmont. Fully 13.99% of the housing stock is classified as vacant. Left unchecked, vacant Craigmont homes and apartments can be a drag on the real estate market, holding Craigmont 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.

Craigmont Home Appreciation Rates

In the last 10 years, Craigmont has experienced some of the highest home appreciation rates of any community in the nation. Craigmont real estate appreciated 145.32% over the last ten years, which is an average annual home appreciation rate of 9.39%, putting Craigmont in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Craigmont 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 Craigmont that despite a nationwide downturn in the housing market, Craigmont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Craigmont appreciation rates continue to be some of the highest in America, at 23.85%, which is higher than appreciation rates in 94.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Craigmont. Craigmont appreciation rates in the latest quarter were at 0.91%, which equates to an annual appreciation rate of 3.70%.

Notably, Craigmont's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$226,967

Craigmont, ID HOME PRICES

> $1,669,000
$1,252,001 - $1,669,000
$834,001 - $1,252,000
$667,001 - $834,000
$501,001 - $667,000
$334,001 - $501,000
$167,001 - $334,000
$84,001 - $167,000
$0 - $84,000
0.6%
0.6%
0.0%
0.0%
2.4%
2.4%
2.7%
2.7%
3.5%
3.5%
17.5%
17.5%
38.3%
38.3%
25.3%
25.3%
9.6%
9.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very Low for ID

Value Relative To Nation

Number Of Homes And Apartments:
246

Craigmont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
222.86% 5.35%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,166 / per month

Homeownership Rate

Owners
Renters
Vacant
86.6%
86.6%
13.4%
13.4%
14.0%
14.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.4%
2.4%
35.0%
35.0%
27.3%
27.3%
35.3%
35.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.8%
81.8%
0.0%
0.0%
1.0%
1.0%
0.0%
0.0%
17.1%
17.1%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.0%
1.0%
4.5%
4.5%
33.9%
33.9%
43.4%
43.4%
15.4%
15.4%
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Craigmont

Popular Communities Near Craigmont, ID

Zip Codes in Craigmont, ID