Spirit Lake, ID—83869
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spirit Lake, ID
As of Nov '25, the median home price in Spirit Lake, ID is $580,000, with a year-over-year change of 2.4%. This indicates that home prices in Spirit Lake, ID are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $580,000 | 2.4% |
| Single Family | $580,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $438,000 | 0.9% |
2 Bed | $478,000 | 2.4% |
3 Bed | $565,000 | 2.9% |
4 Bed | $753,000 | 2.4% |
| 5 Bed | $903,527 | 4.0% |
% of Housing Stock
Rental Trends — Spirit Lake, ID
As of July '25, Rentcast reports the average rent in Spirit Lake, ID is $1,870, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in Spirit Lake, ID is 1-bedrooms: $903, 4-bedrooms: $2,360. The most common rental property sizes in Spirit Lake, ID are 2-bedroom and 3-bedroom, accounting for 34.6% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,920 | $1,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $903 | $903 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,920 | $2,360 |
% of Rental Stock
Property Listings — Spirit Lake, ID
As of Nov '25, Realtor.com reports that the median days on market for a home in Spirit Lake, ID is 86. This is a increase of 12.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $759,000 | 0.0% |
Listing Count | 43 | 46.0% |
| Listings as % of Homes | 1.3% | 46.0% |
Days on Market | 86 | 12.0% |
Demographics — Spirit Lake, ID
As of the latest ACS Survey released in 2023, Spirit Lake, ID has a population of 5,280, which has increased by 5.4% over the past 5 years. Spirit Lake, ID is a popular place for families, as children make up 27.5% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,280 | 5.4% |
% Under 18 | 27.5% | 44.0% |
% Seniors | 18.4% | -5.2% |
% WFH | 22.4% | 100.0% |
% w/ College Degree | 20.0% | 60.0% |
As of the latest ACS Survey released in 2023, Spirit Lake, ID is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 10.5% in the last 5 years. The second most common race or ethnicity in Spirit Lake, ID is hispanic, making up 8.7% of the population. Foreign-born residents account for 0.5% of the population in Spirit Lake, ID, and this percentage has decreased by 84.4% 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 | 84.1% | -10.5% |
% Black | 0.1% | ∞% |
% Hispanic | 8.7% | 210.7% |
% Asian | 0.1% | -91.7% |
% Foreign Born | 0.5% | -84.4% |
Mortgage and Risk — Spirit Lake, ID
According to HUD data as of 2023, there were 150 mortgage originations in Spirit Lake, ID, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Spirit Lake, ID. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 150 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Rentals and Section 8 — Spirit Lake, ID
Spirit Lake, ID lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 21.3% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $77 | $903 | $980 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | N/A | N/A | $1,670 |
| 4 Bedroom | $60 | $1,920 | $1,980 |
Affordability — Spirit Lake, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.5 |
| Median Home Price | $580,000 |
| Median Household Income | $64,600 |