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Emmett, 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

Emmett, ID Housing Market Trends

With 7,647 people, 2,780 houses or apartments, and a median cost of homes of $378,665, Emmett real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Emmett, accounting for 67.32% of the city's housing units. Other types of housing that are prevalent in Emmett include large apartment complexes or high rise apartments ( 12.85%), duplexes, homes converted to apartments or other small apartment buildings ( 11.91%), and a few mobile homes or trailers ( 7.66%).

The most prevalent building size and type in Emmett are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.44% owning and 39.56% renting.

There is a lot of housing in Emmett 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 Emmett built before 1939 ( 21.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.54%). There's also some housing in Emmett built between 1940-1969 ( 16.97%).

Vacant housing appears to be an issue in Emmett. Fully 10.50% of the housing stock is classified as vacant. Left unchecked, vacant Emmett homes and apartments can be a drag on the real estate market, holding Emmett 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.

Emmett Home Appreciation Rates

In the last 10 years, Emmett has experienced some of the highest home appreciation rates of any community in the nation. Emmett real estate appreciated 211.07% over the last ten years, which is an average annual home appreciation rate of 12.02%, putting Emmett in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Emmett definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Emmett appreciation rates have trailed the rest of the nation. In the last twelve months, Emmett's appreciation rate has been 9.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Emmett were at 1.55%, which equates to an annual appreciation rate of 6.35%.

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

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

Average Home Values

 

Median Home Value:
$378,665

Emmett, ID HOME PRICES

> $1,669,000
$1,251,001 - $1,669,000
$834,001 - $1,251,000
$668,001 - $834,000
$500,001 - $668,000
$334,001 - $500,000
$167,001 - $334,000
$84,001 - $167,000
$0 - $84,000
0.3%
0.3%
0.0%
0.0%
4.9%
4.9%
3.8%
3.8%
12.4%
12.4%
14.7%
14.7%
43.8%
43.8%
10.8%
10.8%
9.3%
9.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for ID

Value Relative To Nation

Number Of Homes And Apartments:
2,780

Emmett 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
201.41% 5.03%
3
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,421 / per month

Homeownership Rate

Owners
Renters
Vacant
60.4%
60.4%
39.6%
39.6%
10.5%
10.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.5%
19.5%
42.1%
42.1%
17.0%
17.0%
21.4%
21.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.3%
67.3%
0.3%
0.3%
11.9%
11.9%
12.8%
12.8%
7.7%
7.7%
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
3.7%
3.7%
11.5%
11.5%
33.7%
33.7%
35.4%
35.4%
15.0%
15.0%
0.7%
0.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Emmett

Zip Codes in Emmett, ID