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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Idaho Falls, ID Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Idaho Falls, ID Housing Market Trends

With a population of 67,723, 23,924 total housing units (homes and apartments), and a median house value of $352,953, Idaho 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 Idaho Falls, accounting for 65.45% of the city's housing units. Other types of housing that are prevalent in Idaho Falls include duplexes, homes converted to apartments or other small apartment buildings ( 13.96%), large apartment complexes or high rise apartments ( 13.26%), and a few row houses and other attached homes ( 4.38%).

The most prevalent building size and type in Idaho Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.79% owning and 38.21% renting.

There is a lot of housing in Idaho 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 Idaho Falls built between 1940-1969 ( 29.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.91%). There's also some housing in Idaho Falls built before 1939 ( 9.54%).

Idaho Falls Home Appreciation Rates

In the last 10 years, Idaho Falls has experienced some of the highest home appreciation rates of any community in the nation. Idaho Falls real estate appreciated 148.24% over the last ten years, which is an average annual home appreciation rate of 9.52%, putting Idaho Falls in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Idaho Falls definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Idaho Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Idaho Falls's appreciation rate has been -5.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Idaho Falls were at 6.07%, which equates to an annual appreciation rate of 26.58%.

Importantly, NeighborhoodScout’s exclusive research found that Idaho 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 Idaho Falls's latest annual appreciation rate is lower than 90% 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 Idaho Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Idaho 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 Idaho Falls real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$352,953

Idaho Falls, ID Home Prices
> $1,303,000
$977,001 - $1,303,000
$652,001 - $977,000
$521,001 - $652,000
$391,001 - $521,000
$261,001 - $391,000
$130,001 - $261,000
$65,001 - $130,000
$0 - $65,000
0.5%
0.5%
1.1%
1.1%
6.2%
6.2%
10.4%
10.4%
19.1%
19.1%
29.5%
29.5%
26.2%
26.2%
3.0%
3.0%
3.8%
3.8%
0% 100.0%
% of Homes
Low

for Idaho

High

for nation

Number of Homes And Apartments:

23,924

Idaho Falls Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,213 / per month

Homeownership Rate

Owners
Renters
61.8%
61.8%
38.2%
38.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.5%
6.5%
93.5%
93.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.9%
20.9%
40.2%
40.2%
29.3%
29.3%
9.5%
9.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.4%
65.4%
4.4%
4.4%
14.0%
14.0%
13.3%
13.3%
2.9%
2.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
9.3%
9.3%
24.8%
24.8%
24.2%
24.2%
19.6%
19.6%
19.6%
19.6%
0% 100.0%
% of Homes

Popular Communities Near Idaho Falls, ID

Zip Codes in Idaho Falls, ID