Idaho Falls, ID (83404) is known for its low cost of living and attractive housing market. According to recent data, the median value of a house in this area is $378,700, which is significantly higher than the US median of $338,100. Furthermore, the one-year appreciation rate for houses in Idaho Falls has been 7.88%, slightly lower than the national average of 8.27%. This makes Idaho Falls an ideal location to purchase a home as it offers good appreciation potential combined with relatively low prices compared to other parts of the country.
The median home cost in Idaho Falls (zip 83404) is $378,700. Home appreciation the last 10 years has been 166.7%. Home Appreciation in Idaho Falls (zip 83404) is up 16.8%.
Average Age of Homes
- The median age of Idaho Falls (zip 83404) real estate is 39 years old
The Rental Market in Idaho Falls (zip 83404)
- Renters make up 19.8% of the Idaho Falls (zip 83404) population
- 0.8% of houses and apartments in Idaho Falls (zip 83404), 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.