Salmon, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Salmon, 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

Salmon Housing Market Information

With a population of 3,036, 1,482 total housing units (homes and apartments), and a median house value of $179,538, Salmon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Salmon, accounting for 67.14% of the city's housing units. Other types of housing that are prevalent in Salmon include duplexes, homes converted to apartments or other small apartment buildings ( 15.17%), mobile homes or trailers ( 9.26%), and a few large apartment complexes or high rise apartments ( 7.23%).

People in Salmon primarily live in small (one, two or no bedroom) single-family detached homes. Salmon has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Salmon 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 Salmon built between 1940-1969 ( 29.63%). A lesser amount of the housing stock also hails from before 1939 ( 28.43%). There's also some housing in Salmon built between 2000 and later ( 6.75%).

Vacant housing appears to be an issue in Salmon. Fully 11.47% of the housing stock is classified as vacant. Left unchecked, vacant Salmon homes and apartments can be a drag on the real estate market, holding Salmon 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.

Salmon Home Appreciation Rates

Real estate appreciation rates in Salmon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.44% during the period.

Appreciation rates are so strong in Salmon that despite a nationwide downturn in the housing market, Salmon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Salmon appreciation rates continue to be some of the highest in America, at 6.28%, which is higher than appreciation rates in 76.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Salmon. Salmon appreciation rates in the latest quarter were at 0.51%, which equates to an annual appreciation rate of 2.04%.

Relative to Idaho, our data show that Salmon's latest annual appreciation rate is higher than 50% of the other cities and towns in Idaho.

Average Home Values

 

Median Home Value:
$179,538

Salmon, ID HOME PRICES

Value Range
> $1,115,000 0.0
$836,001 - $1,115,000 0.0
$558,001 - $836,000 2.0
$446,001 - $558,000 3.5
$335,001 - $446,000 11.7
$223,001 - $335,000 24.0
$112,001 - $223,000 37.3
$56,001 - $112,000 9.8
$0 - $56,000 11.6

Average for ID
High for Nation

Value Relative to Nation Value Relative to State
38.3247392476269 54.4715447154472

Number Of Homes And Apartments:
1,482

Salmon 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
61.24% 2.81% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$893 / per month

Homeownership Rate

Homeownership
Owners 54.38
Renters 45.62
Vacant 11.47

Housing Market Details

 

Age of Homes

AGE OF Salmon HOMES
2000 or Newer 6.8
1970 - 1999 35.2
1940 - 1969 29.6
1939 or Older 28.4

Types of Homes

TYPE OF Salmon HOMES
Single-Family 67.1
Townhomes 1.2
Small Apt. Buildings 15.2
Apt. Complexes 7.2
Mobile Homes 9.3
Other 0.0

Home Size

SIZE OF Salmon HOMES
No Bedroom 5.14
1 Bedroom 15.65
2 Bedrooms 36.08
3 Bedrooms 31.84
4 Bedrooms 6.75
5 or more bedrooms 4.54

Popular Neighborhoods in Salmon

Popular Communities Near Salmon, ID

Zip Codes in Salmon, ID