Lewiston, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lewiston, 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 Q2 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

Lewiston Housing Market Information

With 32,544 people, 13,275 houses or apartments, and a median cost of homes of $198,392, Lewiston real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lewiston, accounting for 69.46% of the city's housing units. Other types of housing that are prevalent in Lewiston include large apartment complexes or high rise apartments ( 10.65%), duplexes, homes converted to apartments or other small apartment buildings ( 9.75%), and a few mobile homes or trailers ( 5.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lewiston. Owner-occupied housing accounts for 66.09% of Lewiston's homes, and 50.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lewiston 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 Lewiston built between 1940-1969 ( 34.62%). A lesser amount of the housing stock also hails from before 1939 ( 15.95%). There's also some housing in Lewiston built between 2000 and later ( 10.28%).

Lewiston Home Appreciation Rates

Appreciation rates for homes in Lewiston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.35%, which ranks in the top 50% nationwide. This equates to an annual average Lewiston house appreciation rate of 0.52%.

NeighborhoodScout's data show that during the latest twelve months, Lewiston's appreciation rate, at 5.05%, has been at or slightly above the national average. In the latest quarter, Lewiston's appreciation rate has been -0.55%, which annualizes to a rate of -2.18%.

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

Relative to Idaho, our data show that Lewiston's latest annual appreciation rate is lower 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 Lewiston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lewiston - 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 Lewiston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$198,392

Lewiston, ID HOME PRICES

Value Range
> $1,118,000 0.3
$839,001 - $1,118,000 0.2
$559,001 - $839,000 1.2
$447,001 - $559,000 3.6
$335,001 - $447,000 6.0
$224,001 - $335,000 23.0
$112,001 - $224,000 51.7
$56,001 - $112,000 8.1
$0 - $56,000 6.0

Average for ID
High for Nation

Value Relative to Nation Value Relative to State
33.7724691141168 43.9024390243902

Number Of Homes And Apartments:
13,275

Lewiston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q2
68.48% 3.03% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$858 / per month

Homeownership Rate

Homeownership
Owners 66.09
Renters 33.91
Vacant 5.70

Housing Market Details

 

Age of Homes

AGE OF Lewiston HOMES
2000 or Newer 10.3
1970 - 1999 39.1
1940 - 1969 34.6
1939 or Older 16.0

Types of Homes

TYPE OF Lewiston HOMES
Single-Family 69.5
Townhomes 4.2
Small Apt. Buildings 9.7
Apt. Complexes 10.6
Mobile Homes 5.8
Other 0.2

Home Size

SIZE OF Lewiston HOMES
No Bedroom 1.92
1 Bedroom 10.29
2 Bedrooms 31.80
3 Bedrooms 31.22
4 Bedrooms 19.26
5 or more bedrooms 5.50