Payette, ID


Highest Appreciating Payette Neighborhoods Since 2000

Payette, 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 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

Payette Housing Market Information

With 7,380 people, 2,726 houses or apartments, and a median cost of homes of $141,571, Payette real estate values are some of the lowest in Idaho, although compared to real estate around the nation, Payette homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Payette, accounting for 66.79% of the city's housing units. Other types of housing that are prevalent in Payette include mobile homes or trailers ( 11.49%), duplexes, homes converted to apartments or other small apartment buildings ( 11.09%), and a few large apartment complexes or high rise apartments ( 6.07%).

The most prevalent building size and type in Payette are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.98% owning and 40.02% renting.

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 ( 27.04%). A lesser amount of the housing stock also hails from before 1939 ( 17.66%). There's also some housing in Payette built between 2000 and later ( 10.36%).

Payette Home Appreciation Rates

Real estate appreciation rates in Payette's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.58% during the period.

Appreciation rates are so strong in Payette that despite a nationwide downturn in the housing market, Payette real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Payette appreciation rates continue to be some of the highest in America, at 7.50%, which is higher than appreciation rates in 84.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Payette. Payette appreciation rates in the latest quarter were at 0.51%, which equates to an annual appreciation rate of 2.04%.

Relative to Idaho, our data show that Payette's latest annual appreciation rate is higher than 60% of the other cities and towns in Idaho.

Average Home Values


Median Home Value:


Value Range
> $1,199,000 1.8
$899,001 - $1,199,000 0.6
$600,001 - $899,000 0.0
$480,001 - $600,000 0.0
$360,001 - $480,000 2.0
$240,001 - $360,000 11.5
$120,001 - $240,000 44.0
$60,001 - $120,000 26.7
$0 - $60,000 13.4

Very Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
54.0782843079808 84.5528455284553

Number Of Homes And Apartments:

Payette Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
36.04% 1.80% 1 4
* 10 is highest

Rent & Ownership


Average Market Rent:
$672 / per month

Homeownership Rate

Owners 59.98
Renters 40.02
Vacant 8.65

Housing Market Details


Age of Homes

2000 or Newer 10.4
1970 - 1999 44.9
1940 - 1969 27.0
1939 or Older 17.7

Types of Homes

Single-Family 66.8
Townhomes 4.6
Small Apt. Buildings 11.1
Apt. Complexes 6.1
Mobile Homes 11.5
Other 0.0

Home Size

No Bedroom 1.61
1 Bedroom 10.59
2 Bedrooms 31.27
3 Bedrooms 39.34
4 Bedrooms 13.04
5 or more bedrooms 4.16

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