Bannock County, Idaho Housing Market Prices
Bannock County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 23% below the Idaho median$301,627
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Median rent 22% below the Idaho median$960
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bannock County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $301,627 | $394,140 | $248,835 |
| Price Trend (Annual %) | 17.9% | 14.3% | 7.5% |
| Median Gross Rent | $960 | $1,236 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bannock County is about 23% lower than in Idaho. Rent is about 22% lower than the Idaho average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bannock County, up about 17.9% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Bannock County rose about 51.1% between 2015 and 2024, from $635 to $960. Over the same span, rent in Idaho rose about 66.6%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Bannock County.
Buying the median-priced home in Bannock County costs roughly 26.2 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 Bannock County. The price-to-rent ratio in Idaho is about 26.6.
| Metric | Bannock County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $301,627 | $394,140 | $248,835 |
| Median Household Income | $67,110 | $78,141 | $80,455 |
| Price-to-Income Ratio | 4.5 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bannock County rose about 164.3%, while median household income rose about 41.5% between 2009 and 2025 — 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 | Bannock County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.6% | 64.8% | 58.5% |
| Rental Rate | 28.3% | 24.9% | 31.2% |
| Vacancy Rate | 7.1% | 10.3% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Bannock County has a homeownership rate of 64.6%, about the same as the Idaho average of 64.8%. Its housing vacancy rate is 7.1%, compared with 10.3% in Idaho.
Housing Stock
| Metric | Bannock County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.64 people | 2.53 people |
| Median Structure Built Year | 1975 | 1987 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Bannock County was built around 1975. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 14.0 years on average.
Bannock County, ID Housing Compared With Nearby Counties
How Bannock County, ID compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bannock County, ID | 89,452 | $301,627 #2/2 | $960 #1/2 | 69.5% #2/2 |
| Bingham County, ID | 49,662 | $439,475 | $873 | 80.5% |
Frequently Asked Questions
Common questions about the housing market in Bannock County, Idaho.
What is the median home price in Bannock County, Idaho?
The median home price in Bannock County, Idaho is $301,627, lower than the Idaho average of $394,140.
What is the average home price in Bannock County, Idaho?
The typical home price in Bannock County, Idaho, reported as the median sale price, is $301,627. 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 Bannock County, Idaho?
The median gross rent in Bannock County, Idaho is $960 per month, lower than the Idaho average of $1,236.
What was the median gross rent in Bannock County in 2020?
In 2020, the median gross rent in Bannock County, Idaho was $703 per month.
What is the price-to-rent ratio in Bannock County, Idaho?
The price-to-rent ratio in Bannock County, Idaho is about 26.2, meaning it would take roughly 26.2 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 Bannock County.
Are home prices or rent rising faster in Bannock County, Idaho?
Both home prices and rent are rising in Bannock County, up about 17.9% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bannock County, Idaho?
64.6% of households in Bannock County, Idaho own their home, about the same as the Idaho average.
What is the vacancy rate in Bannock County, Idaho?
The housing vacancy rate in Bannock County, Idaho is 7.1%, lower than the Idaho average of 10.3%.
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