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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Pocatello Housing Market Information

With a population of 54,746, 20,425 total housing units (homes and apartments), and a median house value of $167,308, 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 62.37% 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 ( 13.97%), large apartment complexes or high rise apartments ( 11.72%), and a few mobile homes or trailers ( 7.41%).

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 60.34% owning and 39.66% 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 ( 35.94%). A lesser amount of the housing stock also hails from before 1939 ( 15.23%). There's also some housing in Pocatello built between 2000 and later ( 10.08%).

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 10.34%, which ranks in the top 50% nationwide. This equates to an annual average Pocatello house appreciation rate of 0.99%.

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 11.10%, which is higher than appreciation rates in 97.34% 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 7.38%, which equates to an annual appreciation rate of 32.96%.

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:
$167,308

Pocatello, ID HOME PRICES

Value Range
> $1,237,000 0.1
$928,001 - $1,237,000 0.1
$619,001 - $928,000 0.5
$495,001 - $619,000 0.7
$371,001 - $495,000 3.8
$247,001 - $371,000 12.6
$124,001 - $247,000 55.5
$62,001 - $124,000 20.0
$0 - $62,000 6.6

Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
47.1591240875912 80.6451612903226

Number Of Homes And Apartments:
20,425

Pocatello Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
63.02% 2.68%
2
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,005 / per month

Homeownership Rate

Homeownership
Owners 60.34
Renters 39.66
Vacant 9.02

Housing Market Details

 

Age of Homes

AGE OF Pocatello HOMES
2000 or Newer 10.1
1970 - 1999 38.7
1940 - 1969 35.9
1939 or Older 15.2

Types of Homes

TYPE OF Pocatello HOMES
Single-Family 62.4
Townhomes 4.5
Small Apt. Buildings 14.0
Apt. Complexes 11.7
Mobile Homes 7.4
Other 0.1

Home Size

SIZE OF Pocatello HOMES
No Bedroom 2.81
1 Bedroom 9.78
2 Bedrooms 26.93
3 Bedrooms 29.99
4 Bedrooms 18.32
5 or more bedrooms 12.18