Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Adams County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,145,833 | $355,887 | $242,182 |
| Price Trend (Annual %) | 41.1% | 14.8% | 8.2% |
| Median Gross Rent | $823 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 6.1% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Adams County is about 222% higher than in Idaho. Rent is about 28% lower than the Idaho average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Adams County, up about 41.1% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Adams County rose about 43.6% between 2015 and 2023, from $573 to $823. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 19.5 yearly household incomes in Adams County.
Buying the median-priced home in Adams County costs roughly 116.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Adams County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Adams County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,145,833 | $355,887 | $242,182 |
| Median Household Income | $58,733 | $74,676 | $78,145 |
| Price-to-Income Ratio | 19.5 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Adams County rose about 535.3%, while median household income rose about 56.0% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Adams County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.6% | 64.7% | 58.2% |
| Rental Rate | 11.1% | 24.7% | 31.3% |
| Vacancy Rate | 34.3% | 10.7% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Adams County has a homeownership rate of 54.6%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 34.3%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Adams County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1986 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.9 | 5.5 |
The typical housing unit in Adams County was built around 1986. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Adams County, Idaho.
What is the median home price in Adams County, Idaho?
The median home price in Adams County, Idaho is $1,145,833, higher than the Idaho average of $355,887.
What is the average home price in Adams County, Idaho?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Adams County, Idaho?
The median gross rent in Adams County, Idaho is $823 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Adams County in 2020?
In 2020, the median gross rent in Adams County, Idaho was $702 per month.
What is the price-to-rent ratio in Adams County, Idaho?
The price-to-rent ratio in Adams County, Idaho is about 116.0, meaning it would take roughly 116.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Adams County.
Are home prices or rent rising faster in Adams County, Idaho?
Both home prices and rent are rising in Adams County, up about 41.1% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Adams County, Idaho?
54.6% of households in Adams County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Adams County, Idaho?
The housing vacancy rate in Adams County, Idaho is 34.3%, higher than the Idaho average of 10.7%.