Rigby, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rigby Neighborhoods Since 2000




Rigby, ID Real Estate Data


Rigby Housing Market Information

With a population of 4,029, 1,377 total housing units (homes and apartments), and a median house value of $195,618, 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 67.30% 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 ( 17.49%), row houses and other attached homes ( 7.39%), and a few large apartment complexes or high rise apartments ( 4.73%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rigby. Owner-occupied housing accounts for 69.23% of Rigby's homes, and 42.93% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rigby 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 Rigby built between 1940-1969 ( 30.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.93%). There's also some housing in Rigby built before 1939 ( 12.69%).

Vacant housing appears to be an issue in Rigby. Fully 13.07% 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 11.03%, which ranks in the top 40% nationwide. This equates to an annual average Rigby house appreciation rate of 1.05%.

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 6.87%, which is higher than appreciation rates in 83.58% 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 1.79%, which equates to an annual appreciation rate of 7.37%.

Relative to Idaho, our data show that Rigby's latest annual appreciation rate is higher than 70% of the other cities and towns in Idaho.

Average Home Values

 

Median Home Value:
$195,618

Rigby, ID HOME PRICES

Value Range
> $1,160,000 0.0
$871,001 - $1,160,000 0.0
$580,001 - $871,000 0.0
$464,001 - $580,000 1.3
$348,001 - $464,000 6.2
$232,001 - $348,000 27.0
$116,001 - $232,000 51.1
$58,001 - $116,000 11.2
$0 - $58,000 3.2

High for ID
High for Nation

Value Relative to Nation Value Relative to State
34.239034959302 39.8373983739837

Number Of Homes And Apartments:
1,377

Rent & Ownership

 

Average Market Rent:
$821 / per month

Homeownership Rate

Homeownership
Owners 69.23
Renters 30.77
Vacant 13.07

Housing Market Details

 

Age of Homes

AGE OF Rigby HOMES
2000 or Newer 23.9
1970 - 1999 32.7
1940 - 1969 30.7
1939 or Older 12.7

Types of Homes

TYPE OF Rigby HOMES
Single-Family 67.3
Townhomes 7.4
Small Apt. Buildings 17.5
Apt. Complexes 4.7
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Rigby HOMES
No Bedroom 0.00
1 Bedroom 4.23
2 Bedrooms 31.25
3 Bedrooms 22.35
4 Bedrooms 20.58
5 or more bedrooms 21.59

Rigby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
48.93% 2.37% 4 6
* 10 is highest

Popular Neighborhoods in Rigby

Zip Codes in Rigby, ID