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, 16,412 houses or apartments, and a median cost of homes of $174,628, 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 69.70% 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 ( 11.94%), large apartment complexes or high rise apartments ( 8.46%), and a few mobile homes or trailers ( 5.25%).

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 57.73% owning and 42.27% 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 1940-1969 ( 24.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.63%). There's also some housing in Twin Falls built before 1939 ( 11.12%).

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 0.20% during the period.

NeighborhoodScout's data show that during the latest twelve months, Twin Falls's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Twin Falls's appreciation rate has been 2.42%, which annualizes to a rate of 10.05%.

Relative to Idaho, our data show that Twin Falls's latest annual appreciation rate is lower 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

 

Median Home Value:
$174,628

Twin Falls, ID HOME PRICES

Value Range
> $1,211,000 0.8
$908,001 - $1,211,000 0.1
$605,001 - $908,000 0.8
$484,001 - $605,000 0.8
$363,001 - $484,000 3.1
$242,001 - $363,000 13.0
$121,001 - $242,000 56.9
$61,001 - $121,000 17.7
$0 - $61,000 6.8

Average for ID
Average for Nation

Value Relative to Nation Value Relative to State
41.1254904257188 60.1626016260163

Number Of Homes And Apartments:
16,412

Rent & Ownership

 

Average Market Rent:
$947 / per month

Homeownership Rate

Homeownership
Owners 57.73
Renters 42.27
Vacant 7.99

Housing Market Details

 

Age of Homes

AGE OF Twin Falls HOMES
2000 or Newer 23.6
1970 - 1999 40.3
1940 - 1969 25.0
1939 or Older 11.1

Types of Homes

TYPE OF Twin Falls HOMES
Single-Family 69.7
Townhomes 4.7
Small Apt. Buildings 11.9
Apt. Complexes 8.5
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Twin Falls HOMES
No Bedroom 2.14
1 Bedroom 8.97
2 Bedrooms 26.96
3 Bedrooms 41.24
4 Bedrooms 15.24
5 or more bedrooms 5.44

Twin Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
45.81% 2.24% 4 5
* 10 is highest