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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 47,468, 16,839 total housing units (homes and apartments), and a median house value of $164,025, 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%).
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 0.16% 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 7.55%, which is higher than appreciation rates in 79.72% 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 3.50%, which equates to an annual appreciation rate of 14.75%.
Importantly, this makes Twin Falls one of the highest appreciating communities in the nation for the latest quarter, and 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.
|$912,001 - $1,216,000||0.0|
|$608,001 - $912,000||0.9|
|$486,001 - $608,000||1.1|
|$365,001 - $486,000||3.1|
|$243,001 - $365,000||13.4|
|$122,001 - $243,000||58.3|
|$61,001 - $122,000||17.4|
|$0 - $61,000||5.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Twin Falls HOMES|
|2000 or Newer||25.5|
|1970 - 1999||40.8|
|1940 - 1969||23.2|
|1939 or Older||10.5|
|TYPE OF Twin Falls HOMES|
|Small Apt. Buildings||12.0|
|SIZE OF Twin Falls HOMES|
|5 or more bedrooms||5.69|