Rupert, ID Real Estate Market
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
Rupert, ID Housing Market Trends
With 6,238 people, 2,037 houses or apartments, and a median cost of homes of $261,984, Rupert real estate values are some of the lowest in Idaho, although compared to real estate around the nation, Rupert homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Rupert, accounting for 77.26% of the city's housing units. Other types of housing that are prevalent in Rupert include large apartment complexes or high rise apartments ( 10.12%), mobile homes or trailers ( 5.89%), and a few row houses and other attached homes ( 3.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rupert. Owner-occupied housing accounts for 71.17% of Rupert's homes, and 52.60% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rupert's housing was primarily built during this period, from the '40s through the '60s. A full 39.52% of the city's housing hails from this era. Other housing ages represented in Rupert include homes built between 1970-1999 ( 37.87%) and housing constructed before 1939 ( 16.35%). There's also some housing in Rupert built between 2000 and later ( 6.27%).
Vacant housing appears to be an issue in Rupert. Fully 13.72% of the housing stock is classified as vacant. Left unchecked, vacant Rupert homes and apartments can be a drag on the real estate market, holding Rupert real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Rupert Home Appreciation Rates
In the last 10 years, Rupert has experienced some of the highest home appreciation rates of any community in the nation. Rupert real estate appreciated 150.08% over the last ten years, which is an average annual home appreciation rate of 9.60%, putting Rupert in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rupert definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Rupert's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Rupert's appreciation rate has been 3.02%, which annualizes to a rate of 12.64%.
Importantly, this makes Rupert 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 Rupert's latest annual appreciation rate is higher than 80% of the other cities and towns in Idaho.
Median Home Value
$261,984
Very Low
for Idaho
Average
for nation
Number of Homes And Apartments:
2,037
ID
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,012 / per month