Blackfoot, ID—83221
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blackfoot, ID
As of Oct '25, the median home price in Blackfoot, ID is $362,000, with a year-over-year change of 4.8%. This indicates that home prices in Blackfoot, ID are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $362,000 | 4.8% |
| Single Family | $362,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $267,000 | 6.4% |
3 Bed | $338,000 | 4.3% |
4 Bed | $378,000 | 4.1% |
| 5 Bed | $488,000 | 4.1% |
% of Housing Stock
Rental Trends — Blackfoot, ID
As of July '25, Rentcast reports the average rent in Blackfoot, ID is $1,240, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in Blackfoot, ID is 1-bedrooms: $680, 2-bedrooms: $1,020, 3-bedrooms: $1,350, 4-bedrooms: $2,650. The most common rental property sizes in Blackfoot, ID are 3-bedroom and 2-bedroom, accounting for 42.8% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $680 |
| 2 Bed Rent | $895 | $1,020 |
| 3 Bed Rent | $1,500 | $1,350 |
| 4 Bed Rent | $2,300 | $2,650 |
% of Rental Stock
Property Listings — Blackfoot, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Blackfoot, ID is 64. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $396,000 | 4.0% |
Listing Count | 128 | 45.0% |
| Listings as % of Homes | 0.6% | 45.0% |
Days on Market | 64 | -2.0% |
Demographics — Blackfoot, ID
As of the latest ACS Survey released in 2023, Blackfoot, ID has a population of 29,200, which has increased by 8.0% over the past 5 years. Blackfoot, ID is a popular place for families, as children make up 30.2% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,200 | 8.0% |
% Under 18 | 30.2% | -0.7% |
% Seniors | 14.4% | -1.4% |
% WFH | 5.7% | 26.7% |
% w/ College Degree | 21.5% | -4.0% |
As of the latest ACS Survey released in 2023, Blackfoot, ID is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Blackfoot, ID is hispanic, making up 18.0% of the population. Foreign-born residents account for 4.1% of the population in Blackfoot, ID, and this percentage has decreased by 29.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.9% | -2.0% |
% Black | 0.2% | -60.0% |
% Hispanic | 18.0% | 3.4% |
% Asian | 0.4% | -63.6% |
% Foreign Born | 4.1% | -29.3% |
Mortgage and Risk — Blackfoot, ID
According to HUD data as of 2023, there were 570 mortgage originations in Blackfoot, ID, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Blackfoot, ID. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 570 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Blackfoot, ID
Blackfoot, ID lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 186 |
Total Units Section 8 | 186 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 89.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $625 | $710 |
| 2 Bedroom | $35 | $895 | $930 |
| 3 Bedroom | -$190 | $1,500 | $1,310 |
| 4 Bedroom | -$720 | $2,300 | $1,580 |
Affordability — Blackfoot, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $362,000 |
| Median Household Income | $77,900 |