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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 59,184, 20,945 total housing units (homes and apartments), and a median house value of $158,918, 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 68.16% 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 ( 12.60%), large apartment complexes or high rise apartments ( 12.35%), and a few row houses and other attached homes ( 4.67%).
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 63.92% owning and 36.08% 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 ( 33.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.08%). There's also some housing in Idaho Falls built before 1939 ( 9.82%).
Vacant housing appears to be an issue in Idaho Falls. Fully 10.19% of the housing stock is classified as vacant. Left unchecked, vacant Idaho Falls homes and apartments can be a drag on the real estate market, holding Idaho Falls 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.
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 4.42%, which ranks in the top 50% nationwide. This equates to an annual average Idaho Falls house appreciation rate of 0.43%.
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 10.76%, which is higher than appreciation rates in 94.81% 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 5.05%, which equates to an annual appreciation rate of 21.79%.
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 80% 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.
|$918,001 - $1,223,000||0.4|
|$612,001 - $918,000||0.7|
|$489,001 - $612,000||1.0|
|$367,001 - $489,000||2.9|
|$245,001 - $367,000||12.2|
|$123,001 - $245,000||57.8|
|$61,001 - $123,000||20.2|
|$0 - $61,000||4.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Idaho Falls HOMES|
|2000 or Newer||16.1|
|1970 - 1999||40.2|
|1940 - 1969||33.9|
|1939 or Older||9.8|
|TYPE OF Idaho Falls HOMES|
|Small Apt. Buildings||12.6|
|SIZE OF Idaho Falls HOMES|
|5 or more bedrooms||15.19|