The housing market in Lava Hot Springs, ID (83246) is currently on an upswing. According to recent data, the median value of a house in the area is $384,600 compared to the US median of $338,100. The US one year house appreciation rate is 8.27%, while the appreciation rate for houses in Lava Hot Springs is 15.93%. This suggests that there are positive economic indications for home buyers and sellers in the region, as well as those looking to invest in real estate. With such a high median value compared to the national average, and a larger than average appreciation rate, it appears that buying or investing in real estate in Lava Hot Springs may be a good decision for those looking for a secure financial future.
The median home cost in Lava Hot Springs (zip 83246) is $384,600. Home appreciation the last 10 years has been 145.6%. Home Appreciation in Lava Hot Springs (zip 83246) is up 21.2%.
Average Age of Homes
- The median age of Lava Hot Springs (zip 83246) real estate is 34 years old
The Rental Market in Lava Hot Springs (zip 83246)
- Renters make up 11.3% of the Lava Hot Springs (zip 83246) population
- 0.9% of houses and apartments in Lava Hot Springs (zip 83246), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.