Rigby, ID—83442
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rigby, ID
As of Oct '25, the median home price in Rigby, ID is $473,000, with a year-over-year change of 3.8%. This indicates that home prices in Rigby, ID are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $473,000 | 3.8% |
| Single Family | $474,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $316,000 | 4.3% |
3 Bed | $419,000 | 3.7% |
4 Bed | $472,000 | 3.5% |
| 5 Bed | $574,000 | 3.4% |
% of Housing Stock
Rental Trends — Rigby, ID
As of July '25, Rentcast reports the average rent in Rigby, ID is $1,750, with a year-over-year rent change of 28.7%. Per bedroom, the median rent as of July '25 in Rigby, ID is 1-bedrooms: $962, 2-bedrooms: $1,100, 3-bedrooms: $1,720, 4-bedrooms: $2,700. The most common rental property sizes in Rigby, ID are 3-bedroom and 2-bedroom, accounting for 43.6% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $962 |
| 2 Bed Rent | $995 | $1,100 |
| 3 Bed Rent | $1,700 | $1,720 |
| 4 Bed Rent | $2,800 | $2,700 |
% of Rental Stock
Property Listings — Rigby, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Rigby, ID is 56. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $524,000 | 4.0% |
Listing Count | 139 | 11.0% |
| Listings as % of Homes | 0.8% | 11.0% |
Days on Market | 56 | -1.0% |
Demographics — Rigby, ID
As of the latest ACS Survey released in 2023, Rigby, ID has a population of 24,800, which has increased by 13.0% over the past 5 years. Rigby, ID is a popular place for families, as children make up 33.4% of the population. The area has a moderately educated workforce, with 30.4% 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 | 24,800 | 13.0% |
% Under 18 | 33.4% | -7.5% |
% Seniors | 11.2% | 19.1% |
% WFH | 7.6% | 40.7% |
% w/ College Degree | 30.4% | 21.6% |
As of the latest ACS Survey released in 2023, Rigby, ID is a predominantly white area, with 88.8% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Rigby, ID is hispanic, making up 7.8% of the population. Foreign-born residents account for 3.2% of the population in Rigby, ID, and this percentage has increased by 28.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.8% | 0.3% |
% Black | 0.1% | 0.0% |
% Hispanic | 7.8% | -11.4% |
% Asian | 0.1% | -75.0% |
% Foreign Born | 3.2% | 28.0% |
Mortgage and Risk — Rigby, ID
According to HUD data as of 2023, there were 642 mortgage originations in Rigby, ID, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Rigby, ID. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 642 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Rigby, ID
As of 2024, the percent of homes in Rigby, ID under the Section 8 program is 3.8%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Rigby, ID, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 42 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 90.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $235 | $875 | $1,110 |
| 2 Bedroom | $345 | $995 | $1,340 |
| 3 Bedroom | $180 | $1,700 | $1,880 |
| 4 Bedroom | -$550 | $2,800 | $2,250 |
Affordability — Rigby, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $473,000 |
| Median Household Income | $84,300 |