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Idaho Falls, ID—83401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$407,000
0.2% YoY Growth
Household Income
$75,900
46.0% YoY Growth
Days on Market
47
3.0% Shorter YoY
Home Price Forecast
-1.3%
Median Rent
$1,280
9.0% YoY Growth
1-Bed Rent
$800
10.6% YoY Growth
2-Bed Rent
$1,000
6.1% YoY Growth
3-Bed Rent
$1,300
1.4% YoY Growth

Other Zip Codes in Idaho Falls, ID

8340283404
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Idaho Falls, ID

As of May '26, the median home price in Idaho Falls, ID is $407,000, with a year-over-year change of 0.2%. This indicates that home prices in Idaho Falls, ID are flat. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$407,0000.2%
Single Family $408,000-0.2%
Condos $241,000-8.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$261,000-1.9%
    3 Bed
    		$370,0000.3%
    4 Bed
    		$398,0000.5%
    5 Bed $500,9330.1%
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    % of Housing Stock

    Studio
    1.8%
    1 Bedroom
    2.5%
    2 Bedrooms
    19.2%
    3 Bedrooms
    32.1%
    4 Bedrooms
    19.4%
    5+ Bedrooms
    24.9%

    Rental Trends — Idaho Falls, ID

    As of July '25, Rentcast reports the average rent in Idaho Falls, ID is $1,460, with a year-over-year rent change of 9.0%. Per bedroom, the median rent as of July '25 in Idaho Falls, ID is 1-bedrooms: $865, 2-bedrooms: $1,070, 3-bedrooms: $1,440, 4-bedrooms: $2,100. The most common rental property sizes in Idaho Falls, ID are 2-bedroom and 3-bedroom, accounting for 46.3% and 30.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,280$1,460
    Studio Rent N/AN/A
    1 Bed Rent $800$865
    2 Bed Rent $1,000$1,070
    3 Bed Rent $1,300$1,440
    4 Bed Rent $2,100$2,100
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    % of Rental Stock

    Studio
    5.1%
    1 Bedroom
    7.2%
    2 Bedrooms
    46.3%
    3 Bedrooms
    30.6%
    4 Bedrooms
    2.6%
    5+ Bedrooms
    8.2%

    Property Listings — Idaho Falls, ID

    As of May '26, Realtor.com reports that the median days on market for a home in Idaho Falls, ID is 47. This is a decrease of -3.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$425,000-5.0%
    Listing Count
    		2194.0%
    Listings as % of Homes0.7%4.0%
    Days on Market
    		47-3.0%
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    Demographics — Idaho Falls, ID

    As of the latest ACS Survey released in 2023, Idaho Falls, ID has a population of 47,200, which has increased by 9.7% over the past 5 years. Idaho Falls, ID is a popular place for families, as children make up 31.4% of the population. The area has a moderately educated workforce, with 29.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		47,2009.7%
    % Under 18
    		31.4%-4.3%
    % Seniors
    		12.0%7.1%
    % WFH
    		9.2%135.9%
    % w/ College Degree
    		29.7%20.2%
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    As of the latest ACS Survey released in 2023, Idaho Falls, ID is a predominantly white area, with 79.7% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Idaho Falls, ID is hispanic, making up 14.5% of the population. Foreign-born residents account for 3.7% of the population in Idaho Falls, ID, and this percentage has decreased by 43.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		79.7%-1.2%
    % Black
    		1.1%83.3%
    % Hispanic
    		14.5%-4.6%
    % Asian
    		0.4%-55.6%
    % Foreign Born
    		3.7%-43.1%
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    Mortgage and Risk — Idaho Falls, ID

    According to HUD data as of 2023, there were 1255 mortgage originations in Idaho Falls, ID, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Idaho Falls, ID. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,255
    % Conventional Loans
    		77.0%
    % Government Loans
    		23.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Idaho Falls, ID

    As of 2024, the percent of homes in Idaho Falls, ID under the Section 8 program is 7.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Idaho Falls, ID, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		324
    Total Units Section 8
    		314
    % Rentals under Section 8
    		7.9%
    % Occupied Section 8
    		80.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$310$800$1,110
    2 Bedroom$340$1,000$1,340
    3 Bedroom$580$1,300$1,880
    4 Bedroom$150$2,100$2,250

    Affordability — Idaho Falls, ID

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.2
    Median Home Price$407,000
    Median Household Income$75,900

    Idaho Falls, ID — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Ucon

    83454

    Ammon, ID

    83406

    Rigby, ID

    83442

    Idaho Falls, ID

    83404

    Iona, ID

    83427

    Frequently Asked Questions