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  4. /Burley, ID - 83318

Burley, ID—83318

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$337,000
4.3% YoY Growth
Household Income
$66,800
35.9% YoY Growth
Days on Market
66
0.0% Longer YoY
Home Price Forecast
2.5%
Median Rent
$1,020
17.4% YoY Growth
1-Bed Rent
$800
18.5% YoY Growth
2-Bed Rent
$850
24.1% YoY Growth
3-Bed Rent
$1,350
0.7% YoY Growth

Other Zip Codes in Burley, ID

83311
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Burley, ID

As of May '26, the median home price in Burley, ID is $337,000, with a year-over-year change of 4.3%. This indicates that home prices in Burley, ID are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$337,0004.3%
Single Family $338,0004.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$227,0004.6%
    3 Bed
    		$315,0003.6%
    4 Bed
    		$377,0004.1%
    5 Bed $488,1464.4%
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    4.4%
    2 Bedrooms
    25.7%
    3 Bedrooms
    33.4%
    4 Bedrooms
    21.6%
    5+ Bedrooms
    14.1%

    Rental Trends — Burley, ID

    As of July '25, Rentcast reports the average rent in Burley, ID is $1,140, with a year-over-year rent change of -17.4%. Per bedroom, the median rent as of July '25 in Burley, ID is 1-bedrooms: $800, 2-bedrooms: $850, 3-bedrooms: $1,360. The most common rental property sizes in Burley, ID are 2-bedroom and 3-bedroom, accounting for 43.7% and 31.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,020$1,140
    Studio Rent N/AN/A
    1 Bed Rent $800$800
    2 Bed Rent $850$850
    3 Bed Rent $1,350$1,360
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    1.4%
    1 Bedroom
    10.4%
    2 Bedrooms
    43.7%
    3 Bedrooms
    31.1%
    4 Bedrooms
    10.4%
    5+ Bedrooms
    3.0%

    Property Listings — Burley, ID

    As of May '26, Realtor.com reports that the median days on market for a home in Burley, ID is 66. This is a decrease of 0.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$399,00011.0%
    Listing Count
    		72-9.0%
    Listings as % of Homes0.8%-9.0%
    Days on Market
    		660.0%
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    Demographics — Burley, ID

    As of the latest ACS Survey released in 2023, Burley, ID has a population of 19,300, which has increased by 11.8% over the past 5 years. Burley, ID is a popular place for families, as children make up 30.9% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		19,30011.8%
    % Under 18
    		30.9%0.3%
    % Seniors
    		13.4%-10.1%
    % WFH
    		6.3%231.6%
    % w/ College Degree
    		21.0%7.1%
    Loading chart...

    As of the latest ACS Survey released in 2023, Burley, ID is a predominantly white area, with 60.0% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Burley, ID is hispanic, making up 33.7% of the population. Foreign-born residents account for 12.5% of the population in Burley, ID, and this percentage has increased by 5.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		60.0%-10.0%
    % Black
    		0.1%0.0%
    % Hispanic
    		33.7%9.8%
    % Asian
    		0.3%-50.0%
    % Foreign Born
    		12.5%5.9%
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    Mortgage and Risk — Burley, ID

    According to HUD data as of 2023, there were 375 mortgage originations in Burley, ID, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Burley, ID. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		375
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Burley, ID

    Burley, ID lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		151
    Total Units Section 8
    		111
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		83.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$80$800$720
    2 Bedroom$80$850$930
    3 Bedroom-$40$1,350$1,310
    4 BedroomN/AN/A$1,540

    Affordability — Burley, ID

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$337,000
    Median Household Income$66,800

    Burley, ID — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    83336

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    83344

    Frequently Asked Questions