Shelley, ID—83274
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shelley, ID
As of Oct '25, the median home price in Shelley, ID is $420,000, with a year-over-year change of 3.2%. This indicates that home prices in Shelley, ID are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $420,000 | 3.2% |
| Single Family | $420,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $361,000 | 2.3% |
4 Bed | $393,000 | 2.6% |
| 5 Bed | $561,000 | 2.9% |
% of Housing Stock
Rental Trends — Shelley, ID
As of July '25, Rentcast reports the average rent in Shelley, ID is $1,310, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Shelley, ID is 2-bedrooms: $1,020, 3-bedrooms: $1,510. The most common rental property sizes in Shelley, ID are 2-bedroom and 3-bedroom, accounting for 43.9% and 36.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,310 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $995 | $1,020 |
| 3 Bed Rent | $1,550 | $1,510 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shelley, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Shelley, ID is 57. This is a decrease of -5.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $566,000 | -2.0% |
Listing Count | 72 | 27.0% |
| Listings as % of Homes | 0.8% | 27.0% |
Days on Market | 57 | -5.0% |
Demographics — Shelley, ID
As of the latest ACS Survey released in 2023, Shelley, ID has a population of 11,300, which has increased by 26.1% over the past 5 years. Shelley, ID is a popular place for families, as children make up 29.6% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,300 | 26.1% |
% Under 18 | 29.6% | -14.2% |
% Seniors | 12.7% | 16.5% |
% WFH | 6.9% | 7.8% |
% w/ College Degree | 23.4% | 11.4% |
As of the latest ACS Survey released in 2023, Shelley, ID is a predominantly white area, with 86.0% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Shelley, ID is hispanic, making up 9.4% of the population. Foreign-born residents account for 3.7% of the population in Shelley, ID, and this percentage has decreased by 9.8% 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 | 86.0% | -0.7% |
% Black | 0.3% | ∞% |
% Hispanic | 9.4% | -6.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 3.7% | -9.8% |
Mortgage and Risk — Shelley, ID
According to HUD data as of 2023, there were 227 mortgage originations in Shelley, ID, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Shelley, ID. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 227 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Shelley, ID
Shelley, ID lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 33 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | $65 | $995 | $1,060 |
| 3 Bedroom | -$60 | $1,550 | $1,490 |
| 4 Bedroom | N/A | N/A | $1,780 |
Affordability — Shelley, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $420,000 |
| Median Household Income | $80,000 |