Idaho Falls, ID—83401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Idaho Falls, ID
As of Oct '25, the median home price in Idaho Falls, ID is $389,000, with a year-over-year change of 0.9%. This indicates that home prices in Idaho Falls, ID are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $389,000 | 0.9% |
| Single Family | $390,000 | 0.8% |
| Condos | $227,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $252,000 | 0.8% |
3 Bed | $360,000 | 1.7% |
4 Bed | $381,000 | 0.8% |
| 5 Bed | $486,000 | 1.0% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,460 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Idaho Falls, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Idaho Falls, ID is 63. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $437,000 | -5.0% |
Listing Count | 242 | 41.0% |
| Listings as % of Homes | 0.7% | 41.0% |
Days on Market | 63 | 31.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,200 | 9.7% |
% Under 18 | 31.4% | -4.3% |
% Seniors | 12.0% | 7.1% |
% WFH | 9.2% | 135.9% |
% w/ College Degree | 29.7% | 20.2% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $389,000 |
| Median Household Income | $75,900 |