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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Twin Falls Housing Market Information

With 50,197 people, 18,047 houses or apartments, and a median cost of homes of $212,396, Twin Falls real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Twin Falls, accounting for 71.82% of the city's housing units. Other types of housing that are prevalent in Twin Falls include large apartment complexes or high rise apartments ( 10.05%), duplexes, homes converted to apartments or other small apartment buildings ( 9.97%), and a few row houses and other attached homes ( 4.19%).

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 61.47% owning and 38.53% 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 ( 27.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.40%). There's also some housing in Twin Falls built before 1939 ( 11.76%).

Twin Falls Home Appreciation Rates

In the last 10 years, Twin Falls has experienced some of the highest home appreciation rates of any community in the nation. Twin Falls real estate appreciated 51.92% over the last ten years, which is an average annual home appreciation rate of 4.27%, putting Twin Falls in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Twin Falls 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 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 7.95%, which is higher than appreciation rates in 97.19% 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 1.82%, which equates to an annual appreciation rate of 7.46%.

Relative to Idaho, our data show that Twin Falls's latest annual appreciation rate is higher than 50% 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

 
info

Median Home Value:
$212,396

Twin Falls, ID HOME PRICES

> $1,371,000
0.0%
0.0%
$1,028,001 - $1,371,000
0.1%
0.1%
$685,001 - $1,028,000
1.2%
1.2%
$548,001 - $685,000
1.6%
1.6%
$411,001 - $548,000
5.1%
5.1%
$274,001 - $411,000
17.5%
17.5%
$137,001 - $274,000
53.4%
53.4%
$69,001 - $137,000
14.8%
14.8%
$0 - $69,000
6.3%
6.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for ID

Value Relative To Nation

Number Of Homes And Apartments:
18,047

Twin Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
99.76% 3.39%
3
8
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,142 / per month

Homeownership Rate

Owners
61.5%
61.5%
Renters
38.5%
38.5%
Vacant
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
27.5%
27.5%
1970 - 1999
38.3%
38.3%
1940 - 1969
22.4%
22.4%
1939 or Older
11.8%
11.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.8%
71.8%
Townhomes
4.2%
4.2%
Small Apt. Buildings
10.0%
10.0%
Apt. Complexes
10.1%
10.1%
Mobile Homes
3.9%
3.9%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
8.1%
8.1%
2 Bedrooms
25.1%
25.1%
3 Bedrooms
42.1%
42.1%
4 Bedrooms
16.5%
16.5%
5 or more bedrooms
5.8%
5.8%
0.0% 100.0%
% OF HOMES