Emmett, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Emmett, 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

Emmett Housing Market Information

With 6,604 people, 2,604 houses or apartments, and a median cost of homes of $162,629, Emmett real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Emmett, accounting for 72.86% of the city's housing units. Other types of housing that are prevalent in Emmett include large apartment complexes or high rise apartments ( 13.73%), mobile homes or trailers ( 8.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.12%).

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 54.89% owning and 45.11% 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 between 2000 and later ( 20.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.66%). There's also some housing in Emmett built before 1939 ( 16.33%).

Vacant housing appears to be an issue in Emmett. Fully 13.40% 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

Emmett's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Emmett during the period has been just -0.97%, which is lower than 70% of US communities.

Appreciation rates are so strong in Emmett that despite a nationwide downturn in the housing market, Emmett real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Emmett appreciation rates continue to be some of the highest in America, at 9.62%, which is higher than appreciation rates in 92.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Emmett. Emmett appreciation rates in the latest quarter were at 1.63%, which equates to an annual appreciation rate of 6.67%.

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

Average Home Values

 

Median Home Value:
$162,629

Emmett, ID HOME PRICES

Value Range
> $1,326,000 0.0
$994,001 - $1,326,000 0.9
$663,001 - $994,000 1.2
$530,001 - $663,000 3.2
$398,001 - $530,000 4.5
$265,001 - $398,000 7.7
$133,001 - $265,000 46.7
$66,001 - $133,000 22.7
$0 - $66,000 13.2

Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
44.5974452127036 70.7317073170732

Number Of Homes And Apartments:
2,604

Emmett 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
45.54% 2.20% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,011 / per month

Homeownership Rate

Homeownership
Owners 54.89
Renters 45.11
Vacant 13.40

Housing Market Details

 

Age of Homes

AGE OF Emmett HOMES
2000 or Newer 20.6
1970 - 1999 44.4
1940 - 1969 18.7
1939 or Older 16.3

Types of Homes

TYPE OF Emmett HOMES
Single-Family 72.9
Townhomes 0.0
Small Apt. Buildings 4.1
Apt. Complexes 13.7
Mobile Homes 8.7
Other 0.6

Home Size

SIZE OF Emmett HOMES
No Bedroom 2.69
1 Bedroom 9.51
2 Bedrooms 35.82
3 Bedrooms 43.20
4 Bedrooms 7.88
5 or more bedrooms 0.90

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Zip Codes in Emmett, ID