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 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

Rexburg Housing Market Information

With a population of 28,222, 7,627 total housing units (homes and apartments), and a median house value of $229,972, 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 47.49% of the city's housing units. Other types of housing that are prevalent in Rexburg include single-family detached homes ( 27.71%), duplexes, homes converted to apartments or other small apartment buildings ( 16.77%), and a few row houses and other attached homes ( 5.17%). 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. 66.88% of Rexburg's dwellings are rentals.

Rexburg homes and real estate are some of the newest in America. 44.34% 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 ( 43.46%), and between 1940-1969 ( 10.43%). There's also some housing in Rexburg built before 1939 ( 1.77%).

Vacant housing appears to be an issue in Rexburg. Fully 20.59% 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 0.77% during the period.

NeighborhoodScout's data show that during the latest twelve months, Rexburg's appreciation rate, at 5.68%, has been at or slightly above the national average. In the latest quarter, Rexburg's appreciation rate has been 2.85%, which annualizes to a rate of 11.91%.

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 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:
$229,972

Rexburg, ID HOME PRICES

Value Range
> $1,215,000 3.1
$911,001 - $1,215,000 0.5
$608,001 - $911,000 0.5
$486,001 - $608,000 0.8
$365,001 - $486,000 6.7
$243,001 - $365,000 21.5
$122,001 - $243,000 57.1
$61,001 - $122,000 2.7
$0 - $61,000 7.2

High for ID
High for Nation

Value Relative to Nation Value Relative to State
29.0452554744526 31.4516129032258

Number Of Homes And Apartments:
7,627

Rexburg 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
68.53% 2.86%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$919 / per month

Homeownership Rate

Homeownership
Owners 33.12
Renters 66.88
Vacant 20.59

Housing Market Details

 

Age of Homes

AGE OF Rexburg HOMES
2000 or Newer 44.3
1970 - 1999 43.5
1940 - 1969 10.4
1939 or Older 1.8

Types of Homes

TYPE OF Rexburg HOMES
Single-Family 27.7
Townhomes 5.2
Small Apt. Buildings 16.8
Apt. Complexes 47.5
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Rexburg HOMES
No Bedroom 2.93
1 Bedroom 13.93
2 Bedrooms 30.06
3 Bedrooms 29.40
4 Bedrooms 10.12
5 or more bedrooms 13.56