Idaho Falls, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Idaho Falls, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Idaho Falls Housing Market Information

With a population of 61,076, 21,724 total housing units (homes and apartments), and a median house value of $191,423, Idaho Falls 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 Idaho Falls, accounting for 67.09% of the city's housing units. Other types of housing that are prevalent in Idaho Falls include duplexes, homes converted to apartments or other small apartment buildings ( 12.78%), large apartment complexes or high rise apartments ( 12.54%), and a few row houses and other attached homes ( 5.31%).

The most prevalent building size and type in Idaho Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.56% owning and 35.44% renting.

There is a lot of housing in Idaho Falls 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 Idaho Falls built between 1940-1969 ( 32.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.69%). There's also some housing in Idaho Falls built before 1939 ( 9.48%).

Idaho Falls Home Appreciation Rates

Appreciation rates for homes in Idaho Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 22.97%, which ranks in the top 30% nationwide. This equates to an annual average Idaho Falls house appreciation rate of 2.09%.

Appreciation rates are so strong in Idaho Falls that despite a nationwide downturn in the housing market, Idaho Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Idaho Falls appreciation rates continue to be some of the highest in America, at 15.15%, which is higher than appreciation rates in 98.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Idaho Falls. Idaho Falls appreciation rates in the latest quarter were at 3.55%, which equates to an annual appreciation rate of 14.97%.

Importantly, NeighborhoodScout’s exclusive research found that Idaho Falls's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Idaho Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Idaho Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Idaho Falls real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$191,423

Idaho Falls, ID HOME PRICES

Value Range
> $1,365,000 0.2
$1,023,001 - $1,365,000 0.3
$682,001 - $1,023,000 1.0
$546,001 - $682,000 1.8
$409,001 - $546,000 4.0
$273,001 - $409,000 17.9
$136,001 - $273,000 55.6
$68,001 - $136,000 16.0
$0 - $68,000 3.4

Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
40.5547445255474 66.9354838709677

Number Of Homes And Apartments:
21,724

Idaho Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
81.14% 3.13%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$868 / per month

Homeownership Rate

Homeownership
Owners 64.56
Renters 35.44
Vacant 7.55

Housing Market Details

 

Age of Homes

AGE OF Idaho Falls HOMES
2000 or Newer 17.7
1970 - 1999 40.1
1940 - 1969 32.7
1939 or Older 9.5

Types of Homes

TYPE OF Idaho Falls HOMES
Single-Family 67.1
Townhomes 5.3
Small Apt. Buildings 12.8
Apt. Complexes 12.5
Mobile Homes 2.2
Other 0.1

Home Size

SIZE OF Idaho Falls HOMES
No Bedroom 2.32
1 Bedroom 8.06
2 Bedrooms 24.31
3 Bedrooms 30.00
4 Bedrooms 19.85
5 or more bedrooms 15.46