Twin Falls, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Twin Falls, ID Real Estate Data


Twin Falls Housing Market Information

With 47,468 people, 16,839 houses or apartments, and a median cost of homes of $156,503, 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 70.37% 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 ( 12.01%), large apartment complexes or high rise apartments ( 8.74%), and a few mobile homes or trailers ( 4.58%).

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 58.20% owning and 41.80% 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 ( 25.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.16%). There's also some housing in Twin Falls built before 1939 ( 10.55%).

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 -0.06% during the period.

NeighborhoodScout's data show that during the latest twelve months, Twin Falls's appreciation rate, at 4.56%, has been at or slightly above the national average. In the latest quarter, Twin Falls's appreciation rate has been -0.59%, which annualizes to a rate of -2.34%.

Notably, Twin Falls's appreciation rate in the latest quarter is one of the lowest in America.

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:
$156,503

Twin Falls, ID HOME PRICES

Value Range
> $1,161,000 0.3
$871,001 - $1,161,000 0.0
$580,001 - $871,000 0.9
$464,001 - $580,000 1.1
$348,001 - $464,000 3.1
$232,001 - $348,000 13.4
$116,001 - $232,000 58.3
$58,001 - $116,000 17.4
$0 - $58,000 5.1

Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
46.9881636001406 73.9837398373984

Number Of Homes And Apartments:
16,839

Rent & Ownership

 

Average Market Rent:
$783 / per month

Homeownership Rate

Homeownership
Owners 58.20
Renters 41.80
Vacant 6.55

Housing Market Details

 

Age of Homes

AGE OF Twin Falls HOMES
2000 or Newer 25.5
1970 - 1999 40.8
1940 - 1969 23.2
1939 or Older 10.5

Types of Homes

TYPE OF Twin Falls HOMES
Single-Family 70.4
Townhomes 4.3
Small Apt. Buildings 12.0
Apt. Complexes 8.7
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Twin Falls HOMES
No Bedroom 2.24
1 Bedroom 8.23
2 Bedrooms 26.00
3 Bedrooms 41.89
4 Bedrooms 15.96
5 or more bedrooms 5.69

Twin Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
44.20% 2.14% 3 5
* 10 is highest