Rigby, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rigby, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Rigby Housing Market Information

With 4,029 people, 1,369 houses or apartments, and a median cost of homes of $198,011, Rigby real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rigby, accounting for 65.01% of the city's housing units. Other types of housing that are prevalent in Rigby include duplexes, homes converted to apartments or other small apartment buildings ( 21.82%), row houses and other attached homes ( 7.82%), and a few large apartment complexes or high rise apartments ( 5.34%).

The most prevalent building size and type in Rigby are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.11% owning and 40.89% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rigby's housing was primarily built during this period, from the '40s through the '60s. A full 29.96% of the city's housing hails from this era. Other housing ages represented in Rigby include homes built between 1970-1999 ( 29.52%) and housing constructed between 2000 and later ( 23.22%). There's also some housing in Rigby built before 1939 ( 17.30%).

Vacant housing appears to be an issue in Rigby. Fully 12.91% of the housing stock is classified as vacant. Left unchecked, vacant Rigby homes and apartments can be a drag on the real estate market, holding Rigby 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.

Rigby Home Appreciation Rates

Appreciation rates for homes in Rigby have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.67%, which ranks in the top 40% nationwide. This equates to an annual average Rigby house appreciation rate of 0.74%.

Appreciation rates are so strong in Rigby that despite a nationwide downturn in the housing market, Rigby real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rigby appreciation rates continue to be some of the highest in America, at 9.74%, which is higher than appreciation rates in 93.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rigby. Rigby appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to Idaho, our data show that Rigby's latest annual appreciation rate is higher than 90% of the other cities and towns in Idaho.

Average Home Values

 

Median Home Value:
$198,011

Rigby, ID HOME PRICES

Value Range
> $1,200,000 0.0
$900,001 - $1,200,000 0.0
$601,001 - $900,000 0.0
$480,001 - $601,000 2.3
$360,001 - $480,000 5.7
$240,001 - $360,000 25.0
$120,001 - $240,000 54.1
$60,001 - $120,000 9.9
$0 - $60,000 2.9

High for ID
High for Nation

Value Relative to Nation Value Relative to State
32.7493261455526 35.7723577235772

Number Of Homes And Apartments:
1,369

Rigby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
53.67% 2.52% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$889 / per month

Homeownership Rate

Homeownership
Owners 59.11
Renters 40.89
Vacant 12.91

Housing Market Details

 

Age of Homes

AGE OF Rigby HOMES
2000 or Newer 23.2
1970 - 1999 29.5
1940 - 1969 30.0
1939 or Older 17.3

Types of Homes

TYPE OF Rigby HOMES
Single-Family 65.0
Townhomes 7.8
Small Apt. Buildings 21.8
Apt. Complexes 5.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Rigby HOMES
No Bedroom 0.00
1 Bedroom 11.77
2 Bedrooms 28.69
3 Bedrooms 20.99
4 Bedrooms 21.56
5 or more bedrooms 16.98

Popular Neighborhoods in Rigby

Zip Codes in Rigby, ID