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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Payette, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Payette, ID Housing Market Trends

With a population of 8,581, 2,977 total housing units (homes and apartments), and a median house value of $302,740, Payette real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Payette, accounting for 68.89% of the city's housing units. Other types of housing that are prevalent in Payette include mobile homes or trailers ( 12.50%), row houses and other attached homes ( 7.79%), and a few large apartment complexes or high rise apartments ( 6.52%).

People in Payette primarily live in small (one, two or no bedroom) single-family detached homes. Payette has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Payette 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 Payette built between 1940-1969 ( 24.66%). A lesser amount of the housing stock also hails from before 1939 ( 17.06%). There's also some housing in Payette built between 2000 and later ( 12.13%).

Payette Home Appreciation Rates

In the last 10 years, Payette has experienced some of the highest home appreciation rates of any community in the nation. Payette real estate appreciated 182.54% over the last ten years, which is an average annual home appreciation rate of 10.95%, putting Payette in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Payette definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Payette appreciation rates have trailed the rest of the nation. In the last twelve months, Payette's appreciation rate has been 0.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Payette were at 1.39%, which equates to an annual appreciation rate of 5.69%.

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

Average Home Values

Median Home Value

$302,740

Payette, ID Home Prices
> $1,389,000
$1,042,001 - $1,389,000
$695,001 - $1,042,000
$556,001 - $695,000
$417,001 - $556,000
$278,001 - $417,000
$139,001 - $278,000
$69,001 - $139,000
$0 - $69,000
3.0%
3.0%
4.0%
4.0%
8.4%
8.4%
4.6%
4.6%
12.0%
12.0%
23.2%
23.2%
34.8%
34.8%
7.6%
7.6%
2.4%
2.4%
0% 100.0%
% of Homes
Low

for Idaho

High

for nation

Number of Homes And Apartments:

2,977

Payette Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,278 / per month

Homeownership Rate

Owners
Renters
51.3%
51.3%
48.7%
48.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.0%
0.0%
100.0%
100.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.1%
12.1%
46.2%
46.2%
24.7%
24.7%
17.1%
17.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.9%
68.9%
7.8%
7.8%
4.3%
4.3%
6.5%
6.5%
12.5%
12.5%
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
0.8%
0.8%
10.3%
10.3%
39.8%
39.8%
37.8%
37.8%
9.8%
9.8%
1.4%
1.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Payette

Zip Codes in Payette, ID