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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.



Rexburg, 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

Rexburg, ID Housing Market Trends

With a population of 40,462, 8,802 total housing units (homes and apartments), and a median house value of $446,766, Rexburg real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Rexburg, accounting for 55.26% of the city's housing units. Other types of housing that are prevalent in Rexburg include single-family detached homes ( 22.56%), duplexes, homes converted to apartments or other small apartment buildings ( 16.04%), and a few row houses and other attached homes ( 4.71%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Rexburg is dominated by renter-occupied one, two, or no bedrooms apartments. 78.86% of Rexburg's dwellings are rentals.

Rexburg homes and real estate are some of the newest in America. 63.18% of Rexburg's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Rexburg real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 25.40%), and between 1940-1969 ( 9.59%). There's also some housing in Rexburg built before 1939 ( 1.83%).

Vacant housing appears to be an issue in Rexburg. Fully 19.11% of the housing stock is classified as vacant. Left unchecked, vacant Rexburg homes and apartments can be a drag on the real estate market, holding Rexburg 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.

Rexburg Home Appreciation Rates

In the last 10 years, Rexburg has experienced some of the highest home appreciation rates of any community in the nation. Rexburg real estate appreciated 112.96% over the last ten years, which is an average annual home appreciation rate of 7.85%, putting Rexburg in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rexburg 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, Rexburg appreciation rates have trailed the rest of the nation. In the last twelve months, Rexburg'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 Rexburg were at 1.39%, which equates to an annual appreciation rate of 5.69%.

Relative to Idaho, our data show that Rexburg's latest annual appreciation rate is higher than 70% 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 Rexburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rexburg - 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 Rexburg real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$446,766

Rexburg, ID Home Prices
> $1,361,000
$1,021,001 - $1,361,000
$681,001 - $1,021,000
$544,001 - $681,000
$408,001 - $544,000
$273,001 - $408,000
$136,001 - $273,000
$68,001 - $136,000
$0 - $68,000
0.1%
0.1%
1.0%
1.0%
20.3%
20.3%
16.6%
16.6%
20.1%
20.1%
28.1%
28.1%
10.0%
10.0%
2.1%
2.1%
1.8%
1.8%
0% 100.0%
% of Homes
High

for Idaho

High

for nation

Number of Homes And Apartments:

8,802

Rexburg Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,407 / per month

Homeownership Rate

Owners
Renters
21.1%
21.1%
78.9%
78.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
19.1%
19.1%
80.9%
80.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
63.2%
63.2%
25.4%
25.4%
9.6%
9.6%
1.8%
1.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
22.6%
22.6%
4.7%
4.7%
16.0%
16.0%
55.3%
55.3%
1.4%
1.4%
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
6.8%
6.8%
12.5%
12.5%
34.1%
34.1%
27.0%
27.0%
9.7%
9.7%
9.9%
9.9%
0% 100.0%
% of Homes

Zip Codes in Rexburg, ID