Soda Springs, ID


Highest Appreciating Soda Springs Neighborhoods Since 2000

Soda Springs, 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

Soda Springs Housing Market Information

With 2,944 people, 1,140 houses or apartments, and a median cost of homes of $158,324, Soda Springs real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Soda Springs, accounting for 78.47% of the city's housing units. Other types of housing that are prevalent in Soda Springs include duplexes, homes converted to apartments or other small apartment buildings ( 10.15%), mobile homes or trailers ( 9.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Soda Springs. Owner-occupied housing accounts for 75.92% of Soda Springs's homes, and 57.33% have either three or four bedrooms, which is average sized relative to America.

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. Soda Springs's housing was primarily built during this period, from the '40s through the '60s. A full 46.18% of the city's housing hails from this era. Other housing ages represented in Soda Springs include homes built between 1970-1999 ( 36.41%) and housing constructed before 1939 ( 10.76%). There's also some housing in Soda Springs built between 2000 and later ( 6.64%).

Vacant housing appears to be an issue in Soda Springs. Fully 12.98% of the housing stock is classified as vacant. Left unchecked, vacant Soda Springs homes and apartments can be a drag on the real estate market, holding Soda Springs 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.

Soda Springs Home Appreciation Rates

In the last 10 years, Soda Springs has experienced some of the highest home appreciation rates of any community in the nation. Soda Springs real estate appreciated 20.00% over the last ten years, which is an average annual home appreciation rate of 1.84%, putting Soda Springs in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Soda Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Soda Springs that despite a nationwide downturn in the housing market, Soda Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Soda Springs appreciation rates continue to be some of the highest in America, at 8.70%, which is higher than appreciation rates in 89.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Soda Springs. Soda Springs 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 Soda Springs's latest annual appreciation rate is higher than 80% of the other cities and towns in Idaho.

Average Home Values


Median Home Value:

Soda Springs, ID HOME PRICES

Value Range
> $1,192,000 0.1
$894,001 - $1,192,000 0.0
$596,001 - $894,000 1.3
$477,001 - $596,000 0.8
$357,001 - $477,000 1.8
$238,001 - $357,000 10.8
$119,001 - $238,000 49.7
$60,001 - $119,000 24.0
$0 - $60,000 11.6

Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
46.4373608344076 73.1707317073171

Number Of Homes And Apartments:

Soda Springs Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
66.20% 2.99% 7 8
* 10 is highest

Rent & Ownership


Average Market Rent:
$775 / per month

Homeownership Rate

Owners 75.92
Renters 24.08
Vacant 12.98

Housing Market Details


Age of Homes

AGE OF Soda Springs HOMES
2000 or Newer 6.6
1970 - 1999 36.4
1940 - 1969 46.2
1939 or Older 10.8

Types of Homes

TYPE OF Soda Springs HOMES
Single-Family 78.5
Townhomes 0.0
Small Apt. Buildings 10.2
Apt. Complexes 1.0
Mobile Homes 9.8
Other 0.6

Home Size

SIZE OF Soda Springs HOMES
No Bedroom 0.00
1 Bedroom 6.79
2 Bedrooms 24.73
3 Bedrooms 38.47
4 Bedrooms 18.85
5 or more bedrooms 11.15

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Zip Codes in Soda Springs, ID