Homedale, ID—83628
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Homedale, ID
As of Oct '25, the median home price in Homedale, ID is $353,000, with a year-over-year change of 1.1%. This indicates that home prices in Homedale, ID are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $353,000 | 1.1% |
| Single Family | $353,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $260,000 | 2.4% |
3 Bed | $340,000 | 0.0% |
4 Bed | $527,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Homedale, ID
Homedale, ID lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,380 |
| Studio Rent | $750 | $750 |
| 1 Bed Rent | $1,650 | $1,650 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,750 | $1,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Homedale, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Homedale, ID is 51. This is a increase of 2.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $347,000 | -9.0% |
Listing Count | 30 | 0.0% |
| Listings as % of Homes | 1.2% | 0.0% |
Days on Market | 51 | 2.0% |
Demographics — Homedale, ID
As of the latest ACS Survey released in 2023, Homedale, ID has a population of 4,850, which has increased by 12.3% over the past 5 years. Homedale, ID is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 14.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,850 | 12.3% |
% Under 18 | 26.1% | -0.8% |
% Seniors | 16.1% | -4.2% |
% WFH | 6.7% | 48.9% |
% w/ College Degree | 14.1% | 11.9% |
As of the latest ACS Survey released in 2023, Homedale, ID is a predominantly white area, with 65.6% of the population identifying as white. The white population has grown by 11.9% in the last 5 years. The second most common race or ethnicity in Homedale, ID is hispanic, making up 28.3% of the population. Foreign-born residents account for 7.4% of the population in Homedale, ID, and this percentage has decreased by 46.8% 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 | 65.6% | 11.9% |
% Black | 0.0% | N/A |
% Hispanic | 28.3% | -26.3% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 7.4% | -46.8% |
Mortgage and Risk — Homedale, ID
According to HUD data as of 2023, there were 118 mortgage originations in Homedale, ID, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Homedale, ID. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 118 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Homedale, ID
Homedale, ID lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$550 | $1,650 | $1,100 |
| 2 Bedroom | N/A | N/A | $1,320 |
| 3 Bedroom | $100 | $1,750 | $1,850 |
| 4 Bedroom | N/A | N/A | $2,210 |
Affordability — Homedale, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $353,000 |
| Median Household Income | $62,100 |