Idaho Falls, ID—83404
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 $404,000, with a year-over-year change of -0.0%. 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 | $404,000 | -0.0% |
| Single Family | $407,000 | 0.0% |
| Condos | $299,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | 0.0% |
3 Bed | $340,000 | 0.0% |
4 Bed | $388,000 | -0.3% |
| 5 Bed | $517,000 | 0.6% |
% of Housing Stock
Rental Trends — Idaho Falls, ID
As of July '25, Rentcast reports the average rent in Idaho Falls, ID is $1,720, with a year-over-year rent change of -3.9%. Per bedroom, the median rent as of July '25 in Idaho Falls, ID is studios: $1,040, 1-bedrooms: $991, 2-bedrooms: $1,400, 3-bedrooms: $1,620, 4-bedrooms: $1,940. The most common rental property sizes in Idaho Falls, ID are 2-bedroom and 1-bedroom, accounting for 49.0% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,720 |
| Studio Rent | $781 | $1,040 |
| 1 Bed Rent | $925 | $991 |
| 2 Bed Rent | $1,350 | $1,400 |
| 3 Bed Rent | $1,700 | $1,620 |
| 4 Bed Rent | $2,000 | $1,940 |
% 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 24.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $463,000 | -1.0% |
Listing Count | 150 | 7.0% |
| Listings as % of Homes | 0.9% | 7.0% |
Days on Market | 63 | 24.0% |
Demographics — Idaho Falls, ID
As of the latest ACS Survey released in 2023, Idaho Falls, ID has a population of 26,100, which has increased by 12.8% over the past 5 years. Idaho Falls, ID is a popular place for families, as children make up 29.3% of the population. The area has a moderately educated workforce, with 35.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,100 | 12.8% |
% Under 18 | 29.3% | 1.4% |
% Seniors | 18.3% | 12.3% |
% WFH | 7.6% | 35.7% |
% w/ College Degree | 35.2% | -7.6% |
As of the latest ACS Survey released in 2023, Idaho Falls, ID is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Idaho Falls, ID is hispanic, making up 11.8% of the population. Foreign-born residents account for 2.7% of the population in Idaho Falls, ID, and this percentage has decreased by 44.9% 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 | 83.5% | -3.0% |
% Black | 0.2% | 0.0% |
% Hispanic | 11.8% | 21.6% |
% Asian | 1.4% | -6.7% |
% Foreign Born | 2.7% | -44.9% |
Mortgage and Risk — Idaho Falls, ID
According to HUD data as of 2023, there were 505 mortgage originations in Idaho Falls, ID, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Idaho Falls, ID. Investor activity is low, as 1.0% 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 | 505 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% 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 14.9%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Idaho Falls, ID, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 402 |
Total Units Section 8 | 354 |
% Rentals under Section 8 | 14.9% |
% Occupied Section 8 | 83.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $115 | $925 | $1,040 |
| 2 Bedroom | -$90 | $1,350 | $1,260 |
| 3 Bedroom | $70 | $1,700 | $1,770 |
| 4 Bedroom | $120 | $2,000 | $2,120 |
Affordability — Idaho Falls, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $404,000 |
| Median Household Income | $79,200 |