Burley, ID—83318
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Burley, ID
Home Price Trends — Burley, ID
As of Oct '25, the median home price in Burley, ID is $320,000, with a year-over-year change of 2.9%. This indicates that home prices in Burley, ID are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $320,000 | 2.9% |
| Single Family | $320,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $207,000 | 4.5% |
3 Bed | $296,000 | 3.1% |
4 Bed | $357,000 | 3.2% |
| 5 Bed | $467,000 | 3.8% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | $1,350 | $1,360 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Burley, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Burley, ID is 64. 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $386,000 | 1.0% |
Listing Count | 79 | 2.0% |
| Listings as % of Homes | 0.8% | 2.0% |
Days on Market | 64 | 2.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,300 | 11.8% |
% Under 18 | 30.9% | 0.3% |
% Seniors | 13.4% | -10.1% |
% WFH | 6.3% | 231.6% |
% w/ College Degree | 21.0% | 7.1% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $800 | $720 |
| 2 Bedroom | $80 | $850 | $930 |
| 3 Bedroom | -$40 | $1,350 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Burley, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $320,000 |
| Median Household Income | $66,800 |