Payette, ID—83661
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Payette, ID
As of Oct '25, the median home price in Payette, ID is $354,000, with a year-over-year change of -1.0%. This indicates that home prices in Payette, ID are flat. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $354,000 | -1.0% |
| Single Family | $354,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $272,000 | 1.5% |
3 Bed | $358,000 | -0.6% |
4 Bed | $417,000 | -0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Payette, ID
As of July '25, Rentcast reports the average rent in Payette, ID is $1,750, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Payette, ID is studios: $845, 2-bedrooms: $1,460, 3-bedrooms: $1,890, 4-bedrooms: $2,100. The most common rental property sizes in Payette, ID are 2-bedroom and 3-bedroom, accounting for 47.8% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,750 |
| Studio Rent | $845 | $845 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,480 | $1,460 |
| 3 Bed Rent | $2,000 | $1,890 |
| 4 Bed Rent | $2,100 | $2,100 |
% of Rental Stock
Property Listings — Payette, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Payette, ID is 58. This is a decrease of -17.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | -1.0% |
Listing Count | 77 | -16.0% |
| Listings as % of Homes | 1.2% | -16.0% |
Days on Market | 58 | -17.0% |
Demographics — Payette, ID
As of the latest ACS Survey released in 2023, Payette, ID has a population of 10,800, which has increased by 10.2% over the past 5 years. Payette, ID is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | 10.2% |
% Under 18 | 23.8% | 0.0% |
% Seniors | 21.9% | 19.0% |
% WFH | 4.5% | 15.4% |
% w/ College Degree | 13.2% | -0.8% |
As of the latest ACS Survey released in 2023, Payette, ID is a predominantly white area, with 71.5% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Payette, ID is hispanic, making up 21.0% of the population. Foreign-born residents account for 5.0% of the population in Payette, ID, and this percentage has decreased by 21.9% 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 | 71.5% | -5.7% |
% Black | 0.2% | 0.0% |
% Hispanic | 21.0% | 1.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 5.0% | -21.9% |
Mortgage and Risk — Payette, ID
According to HUD data as of 2023, there were 284 mortgage originations in Payette, ID, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Payette, ID. Investor activity is low, as 1.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 284 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Payette, ID
Payette, ID lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 97 |
Total Units Section 8 | 97 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 92.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | -$540 | $1,480 | $940 |
| 3 Bedroom | -$690 | $2,000 | $1,310 |
| 4 Bedroom | -$510 | $2,100 | $1,590 |
Affordability — Payette, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $354,000 |
| Median Household Income | $60,400 |