Rexburg, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Rexburg, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Rexburg Housing Market Information

With 28,337 people, 7,942 houses or apartments, and a median cost of homes of $244,728, 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 50.51% of the city's housing units. Other types of housing that are prevalent in Rexburg include single-family detached homes ( 26.64%), duplexes, homes converted to apartments or other small apartment buildings ( 13.91%), and a few row houses and other attached homes ( 5.94%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Rexburg is dominated by renter-occupied one, two, or no bedrooms apartments. 66.24% of Rexburg's dwellings are rentals.

Rexburg homes and real estate are some of the newest in America. 43.34% 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 ( 43.01%), and between 1940-1969 ( 11.22%). There's also some housing in Rexburg built before 1939 ( 2.43%).

Vacant housing appears to be an issue in Rexburg. Fully 23.09% 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

Real estate appreciation rates in Rexburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.12% during the period.

Appreciation rates are so strong in Rexburg that despite a nationwide downturn in the housing market, Rexburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rexburg appreciation rates continue to be some of the highest in America, at 8.43%, which is higher than appreciation rates in 84.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rexburg. Rexburg appreciation rates in the latest quarter were at 1.65%, which equates to an annual appreciation rate of 6.78%.

Importantly, this makes Rexburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Idaho, our data show that Rexburg's latest annual appreciation rate is lower than 60% 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:
$244,728

Rexburg, ID HOME PRICES

Value Range
> $1,231,000 0.3
$923,001 - $1,231,000 0.9
$616,001 - $923,000 0.3
$492,001 - $616,000 0.7
$369,001 - $492,000 8.3
$246,001 - $369,000 30.5
$123,001 - $246,000 48.6
$62,001 - $123,000 2.6
$0 - $62,000 7.8

High for ID
High for Nation

Value Relative to Nation Value Relative to State
27.4394160583942 32.258064516129

Number Of Homes And Apartments:
7,942

Rexburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
77.51% 3.03%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$881 / per month

Homeownership Rate

Homeownership
Owners 33.76
Renters 66.24
Vacant 23.09

Housing Market Details

 

Age of Homes

AGE OF Rexburg HOMES
2000 or Newer 43.3
1970 - 1999 43.0
1940 - 1969 11.2
1939 or Older 2.4

Types of Homes

TYPE OF Rexburg HOMES
Single-Family 26.6
Townhomes 5.9
Small Apt. Buildings 13.9
Apt. Complexes 50.5
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Rexburg HOMES
No Bedroom 3.45
1 Bedroom 13.29
2 Bedrooms 27.70
3 Bedrooms 31.29
4 Bedrooms 11.28
5 or more bedrooms 13.00