Orofino, ID Homes For Sale - Idaho Real Estate | BEX Realty (2024)

FAQs

What is the hottest real estate market in Idaho? ›

Idaho ranked 51st as the most “overvalued” local housing market as of the second quarter of 2023, with a median home price estimated by Redfin of $467,000, Insider reported.

Idaho home prices have remained relatively steady over the last couple of years — and even dropped significantly in Boise — but a new study shows we could be in for an increase in 2024 and into early 2025.

Star, Caldwell and Nampa were among some of the fastest-growing cities in Idaho from 2021-2022, according to U.S. Census Bureau population estimates.

Pocatello

Pocatello is one of the most budget-friendly rental destinations in Idaho with an average home rent of $1,285. It also offers affordable transportation which is 25.7% lower than the national average.

The months from March to June are the best time to buy a house in Idaho. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Across Idaho, there is a shortage of rental homes affordable and available to extremely low income households (ELI), whose incomes are at or below the poverty guideline or 30% of their area median income (AMI). Many of these households are severely cost burdened, spending more than half of their income on housing.

Average Idaho home cost

Zillow also analyzes the value of homes in Idaho. Home value is often not synonymous with sale price. Data through February 2024 shows that the typical value of a house Idaho is $443,500, a 0.3% increase from a year before.

In the second quarter of 2024, the average rent in Boise, Idaho, stands at $1,900 across all property types. This marks a $77 decrease, or approximately 3.9%, from the same period in 2023, when the average rent was $1,977. This decline suggests a slight easing in Boise's overall rental market over the past year.

Is Idaho a good place to invest? ›

One of the primary reasons why investors are flocking to Idaho, especially Boise, is the region's robust economic growth. Boise has diversified its economy beyond agriculture and has become a hub for technology companies, including tech giants like Micron and Hewlett Packard.

Of the 13 Idaho cities that Zillow examined in its latest forecast, Mountain Home is predicted to have the most significant housing price increase. at 6.3% by March 30, 2025. Hailey is predicted to be second with a 5.9% increase, and Pocatello third with a 3.6% jump.

The richest city in Idaho with at least 5,000 people is Eagle in Ada County with an average household income of $159,730 as of 2022 and 32,319 people as of 2023 according to the most current Census data available (citation).

Of all places in Idaho with populations between 1,000 and 25,000, Hidden Spring ranks as the wealthiest.

According to the World Population Review website, "The Holding Family is the largest landowner in Idaho, with over 400,000 acres including the Sun Valley Ski Resort in Sun Valley, Idaho.

The months from March to June are the best time to buy a house in Idaho. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Coeur d'Alene — nicknamed “CDA” by locals — was dubbed “America's hottest housing market” by the Wall Street Journal as recently as 2021, with transplants fleeing crowded metro areas such as Seattle and Los Angeles for the great outdoors, including a lake National Geographic once called one of the five most beautiful ...

Home values have seen the biggest increase on our list at 16.3% with population growth coming in at 6.4% year over year. Our number one pick for the best places to buy a rental investment property in Idaho, is Meridian. It is one of the fastest-growing cities in the U.S. and reached 106k residents as of 2018.