Twin Falls, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Twin Falls Neighborhoods Since 2000




Twin Falls, 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 Q4 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Twin Falls Housing Market Information

With 48,260 people, 16,914 houses or apartments, and a median cost of homes of $165,189, Twin Falls 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 Twin Falls, accounting for 72.17% of the city's housing units. Other types of housing that are prevalent in Twin Falls include duplexes, homes converted to apartments or other small apartment buildings ( 8.83%), large apartment complexes or high rise apartments ( 8.78%), and a few row houses and other attached homes ( 5.60%).

The most prevalent building size and type in Twin Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.89% owning and 40.11% renting.

There is a lot of housing in Twin Falls 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 Twin Falls built between 2000 and later ( 26.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.71%). There's also some housing in Twin Falls built before 1939 ( 10.26%).

Twin Falls Home Appreciation Rates

Real estate appreciation rates in Twin Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.37% during the period.

Appreciation rates are so strong in Twin Falls that despite a nationwide downturn in the housing market, Twin Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Twin Falls appreciation rates continue to be some of the highest in America, at 6.82%, which is higher than appreciation rates in 71.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Twin Falls. Twin Falls appreciation rates in the latest quarter were at 2.62%, which equates to an annual appreciation rate of 10.89%.

Importantly, NeighborhoodScout’s exclusive research found that Twin Falls's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Idaho, our data show that Twin Falls'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 Twin Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Twin Falls - 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 Twin Falls real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$165,189

Twin Falls, ID HOME PRICES

Value Range
> $1,203,000 0.1
$902,001 - $1,203,000 0.0
$601,001 - $902,000 0.7
$481,001 - $601,000 1.7
$361,001 - $481,000 3.9
$241,001 - $361,000 14.3
$120,001 - $241,000 57.9
$60,001 - $120,000 15.3
$0 - $60,000 6.2

Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
46.4262717321314 75.609756097561

Number Of Homes And Apartments:
16,914

Twin Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
Since 2000:
2000 Q1 - 2017 Q4
54.58%
2.45%
2
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$943 / per month

Homeownership Rate

Homeownership
Owners 59.89
Renters 40.11
Vacant 6.98

Housing Market Details

 

Age of Homes

AGE OF Twin Falls HOMES
2000 or Newer 26.2
1970 - 1999 40.9
1940 - 1969 22.7
1939 or Older 10.3

Types of Homes

TYPE OF Twin Falls HOMES
Single-Family 72.2
Townhomes 5.6
Small Apt. Buildings 8.8
Apt. Complexes 8.8
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Twin Falls HOMES
No Bedroom 2.50
1 Bedroom 6.37
2 Bedrooms 24.22
3 Bedrooms 44.85
4 Bedrooms 15.45
5 or more bedrooms 6.62