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 | Bear Lake County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $336,666 | $355,887 | $242,182 |
| Price Trend (Annual %) | 15.7% | 14.8% | 8.2% |
| Median Gross Rent | $686 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bear Lake County is about 5% lower than in Idaho. Rent is about 40% 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 Bear Lake County, up about 15.7% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Bear Lake County rose about 23.0% between 2015 and 2023, from $558 to $686. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Bear Lake County.
Buying the median-priced home in Bear Lake County costs roughly 40.9 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 Bear Lake County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Bear Lake County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $336,666 | $355,887 | $242,182 |
| Median Household Income | $68,478 | $74,676 | $78,145 |
| Price-to-Income Ratio | 4.9 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bear Lake County rose about 239.6%, while median household income rose about 55.8% 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 | Bear Lake County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.8% | 64.7% | 58.2% |
| Rental Rate | 8.8% | 24.7% | 31.3% |
| Vacancy Rate | 41.5% | 10.7% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Bear Lake County has a homeownership rate of 49.8%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 41.5%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Bear Lake County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.81 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1967 | 1987 | 1978 |
| Median Number of Rooms | 6.8 | 5.9 | 5.5 |
The typical housing unit in Bear Lake County was built around 1967. On average, 2.8 people live in a home with about 6.8 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bear Lake County, Idaho.
What is the median home price in Bear Lake County, Idaho?
The median home price in Bear Lake County, Idaho is $336,666, lower than the Idaho average of $355,887.
What is the average home price in Bear Lake 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 Bear Lake County, Idaho?
The median gross rent in Bear Lake County, Idaho is $686 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Bear Lake County in 2020?
In 2020, the median gross rent in Bear Lake County, Idaho was $576 per month.
What is the price-to-rent ratio in Bear Lake County, Idaho?
The price-to-rent ratio in Bear Lake County, Idaho is about 40.9, meaning it would take roughly 40.9 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 Bear Lake County.
Are home prices or rent rising faster in Bear Lake County, Idaho?
Both home prices and rent are rising in Bear Lake County, up about 15.7% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bear Lake County, Idaho?
49.8% of households in Bear Lake County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Bear Lake County, Idaho?
The housing vacancy rate in Bear Lake County, Idaho is 41.5%, higher than the Idaho average of 10.7%.