The housing market in Idaho Falls, ID (83402) is on the rise with a median value of $341,400. This is higher than the US House Median Value of $338,100 and its appreciation rate is 7.88%, slightly lower than the national average of 8.25%. There has been a steady growth in the housing market in this area over the last year, making it an attractive option for potential homebuyers looking for a stable investment that will continue to appreciate over time. The slight discrepancy in appreciation rates between Idaho Falls and the US as a whole may be attributed to local economic factors or seasonal fluctuations which could change in the future.
The median home cost in Idaho Falls (zip 83402) is $341,400. Home appreciation the last 10 years has been 166.7%. Home Appreciation in Idaho Falls (zip 83402) is up 16.8%.
Average Age of Homes
- The median age of Idaho Falls (zip 83402) real estate is 42 years old
The Rental Market in Idaho Falls (zip 83402)
- Renters make up 28.6% of the Idaho Falls (zip 83402) population
- 1.8% of houses and apartments in Idaho Falls (zip 83402), 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.