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Genesee, 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 Q3 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

Genesee, ID Housing Market Trends

With a population of 1,044, 432 total housing units (homes and apartments), and a median house value of $339,857, Genesee real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Genesee, accounting for 77.85% of the city's housing units. Other types of housing that are prevalent in Genesee include mobile homes or trailers ( 17.63%), large apartment complexes or high rise apartments ( 2.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.94%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Genesee. Owner-occupied housing accounts for 86.81% of Genesee's homes, and 67.31% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Genesee 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 Genesee built before 1939 ( 31.40%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.85%). There's also some housing in Genesee built between 2000 and later ( 10.54%).

Genesee Home Appreciation Rates

In the last 10 years, Genesee has experienced some of the highest home appreciation rates of any community in the nation. Genesee real estate appreciated 129.14% over the last ten years, which is an average annual home appreciation rate of 8.65%, putting Genesee in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Genesee 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 Genesee that despite a nationwide downturn in the housing market, Genesee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Genesee appreciation rates continue to be some of the highest in America, at 17.91%, which is higher than appreciation rates in 80.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Genesee. Genesee appreciation rates in the latest quarter were at 4.99%, which equates to an annual appreciation rate of 21.52%.

Relative to Idaho, our data show that Genesee's latest annual appreciation rate is lower than 50% of the other cities and towns in Idaho.

Average Home Values

 

Median Home Value:
$339,857

Genesee, ID HOME PRICES

> $1,672,000
$1,254,001 - $1,672,000
$836,001 - $1,254,000
$669,001 - $836,000
$502,001 - $669,000
$334,001 - $502,000
$167,001 - $334,000
$84,001 - $167,000
$0 - $84,000
0.0%
0.0%
0.1%
0.1%
1.2%
1.2%
4.9%
4.9%
19.0%
19.0%
24.9%
24.9%
32.1%
32.1%
7.3%
7.3%
10.6%
10.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for ID

Value Relative To Nation

Number Of Homes And Apartments:
432

Genesee Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2022 Q2 - 2022 Q3
Last 12 Months:
2021 Q3 - 2022 Q3
Last 2 Years:
2020 Q3 - 2022 Q3
Last 5 Years:
2017 Q3 - 2022 Q3
Last 10 Years:
2012 Q3 - 2022 Q3
Since 2000:
2000 Q1 - 2022 Q3
220.76% 5.26%
4
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,516 / per month

Homeownership Rate

Owners
Renters
Vacant
86.8%
86.8%
13.2%
13.2%
7.1%
7.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.5%
10.5%
40.2%
40.2%
17.8%
17.8%
31.4%
31.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.8%
77.8%
0.4%
0.4%
1.9%
1.9%
2.2%
2.2%
17.6%
17.6%
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
0.0%
0.0%
3.7%
3.7%
24.5%
24.5%
43.2%
43.2%
24.1%
24.1%
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Genesee

Popular Communities Near Genesee, ID

Zip Codes in Genesee, ID