Pocatello ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Pocatello, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Pocatello Housing Market Information

With 56,637 people, 20,552 houses or apartments, and a median cost of homes of $195,920, Pocatello real estate values are some of the lowest in Idaho, although compared to real estate around the nation, Pocatello homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Pocatello, accounting for 62.62% of the city's housing units. Other types of housing that are prevalent in Pocatello include duplexes, homes converted to apartments or other small apartment buildings ( 14.86%), large apartment complexes or high rise apartments ( 10.49%), and a few mobile homes or trailers ( 7.06%).

The most prevalent building size and type in Pocatello are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.10% owning and 38.90% renting.

There is a lot of housing in Pocatello 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 Pocatello built between 1940-1969 ( 34.48%). A lesser amount of the housing stock also hails from before 1939 ( 15.06%). There's also some housing in Pocatello built between 2000 and later ( 10.79%).

Vacant housing appears to be an issue in Pocatello. Fully 10.24% of the housing stock is classified as vacant. Left unchecked, vacant Pocatello homes and apartments can be a drag on the real estate market, holding Pocatello 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.

Pocatello Home Appreciation Rates

Appreciation rates for homes in Pocatello have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 46.07%, which ranks in the top 30% nationwide. This equates to an annual average Pocatello house appreciation rate of 3.86%.

Appreciation rates are so strong in Pocatello that despite a nationwide downturn in the housing market, Pocatello real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pocatello appreciation rates continue to be some of the highest in America, at 11.92%, which is higher than appreciation rates in 99.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pocatello. Pocatello appreciation rates in the latest quarter were at 3.70%, which equates to an annual appreciation rate of 15.66%.

Importantly, NeighborhoodScout’s exclusive research found that Pocatello'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 Pocatello'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 Pocatello differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pocatello - 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 Pocatello real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$195,920

Pocatello, ID HOME PRICES

Value Range
> $1,410,000 0.3
$1,058,001 - $1,410,000 0.1
$705,001 - $1,058,000 0.5
$564,001 - $705,000 1.2
$423,001 - $564,000 4.6
$282,001 - $423,000 12.3
$141,001 - $282,000 57.6
$71,001 - $141,000 18.2
$0 - $71,000 5.4

Very Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
43.4277372262774 85.4838709677419

Number Of Homes And Apartments:
20,552

Pocatello Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
101.07% 3.42%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,049 / per month

Homeownership Rate

Homeownership
Owners 61.10
Renters 38.90
Vacant 10.24

Housing Market Details

 

Age of Homes

AGE OF Pocatello HOMES
2000 or Newer 10.8
1970 - 1999 39.7
1940 - 1969 34.5
1939 or Older 15.1

Types of Homes

TYPE OF Pocatello HOMES
Single-Family 62.6
Townhomes 4.9
Small Apt. Buildings 14.9
Apt. Complexes 10.5
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF Pocatello HOMES
No Bedroom 2.50
1 Bedroom 8.30
2 Bedrooms 27.07
3 Bedrooms 30.78
4 Bedrooms 20.08
5 or more bedrooms 11.27