Bingham County, Idaho Housing Market Prices
Bingham 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 12% above the Idaho median More expensive than 77% of counties in Idaho$439,475
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Median rent 29% below the Idaho median$873
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bingham County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $439,475 | $394,140 | $248,835 |
| Price Trend (Annual %) | 25.1% | 14.3% | 7.5% |
| Median Gross Rent | $873 | $1,236 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bingham County is about 12% higher than in Idaho. Rent is about 29% 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 Bingham County, up about 25.1% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Bingham County rose about 35.6% between 2015 and 2024, from $644 to $873. Over the same span, rent in Idaho rose about 66.6%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Bingham County.
Buying the median-priced home in Bingham County costs roughly 42.0 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 Bingham County. The price-to-rent ratio in Idaho is about 26.6.
| Metric | Bingham County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $439,475 | $394,140 | $248,835 |
| Median Household Income | $77,597 | $78,141 | $80,455 |
| Price-to-Income Ratio | 5.7 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bingham County rose about 408.7%, while median household income rose about 58.8% 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 | Bingham County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.1% | 64.8% | 58.5% |
| Rental Rate | 17.9% | 24.9% | 31.2% |
| Vacancy Rate | 8.0% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Bingham County has a homeownership rate of 74.1%, higher than the Idaho average of 64.8%. Its housing vacancy rate is 8.0%, compared with 10.3% in Idaho.
Housing Stock
| Metric | Bingham County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.05 people | 2.64 people | 2.53 people |
| Median Structure Built Year | 1981 | 1987 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in Bingham County was built around 1981. On average, 3.0 people live in a home with about 6.6 rooms, staying for about 16.0 years on average.
Bingham County, ID Housing Compared With Nearby Counties
How Bingham County, ID compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bingham County, ID | 49,662 | $439,475 #1/3 | $873 #3/3 | 80.5% #1/3 |
| Bannock County, ID | 89,452 | $301,627 | $960 | 69.5% |
| Bonneville County, ID | 129,518 | $378,543 | $1,133 | 71.7% |
Frequently Asked Questions
Common questions about the housing market in Bingham County, Idaho.
What is the median home price in Bingham County, Idaho?
The median home price in Bingham County, Idaho is $439,475, higher than the Idaho average of $394,140.
What is the average home price in Bingham County, Idaho?
The typical home price in Bingham County, Idaho, reported as the median sale price, is $439,475. 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 Bingham County, Idaho?
The median gross rent in Bingham County, Idaho is $873 per month, lower than the Idaho average of $1,236.
What was the median gross rent in Bingham County in 2020?
In 2020, the median gross rent in Bingham County, Idaho was $680 per month.
What is the price-to-rent ratio in Bingham County, Idaho?
The price-to-rent ratio in Bingham County, Idaho is about 42.0, meaning it would take roughly 42.0 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 Bingham County.
Are home prices or rent rising faster in Bingham County, Idaho?
Both home prices and rent are rising in Bingham County, up about 25.1% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bingham County, Idaho?
74.1% of households in Bingham County, Idaho own their home, higher than the Idaho average of 64.8%.
What is the vacancy rate in Bingham County, Idaho?
The housing vacancy rate in Bingham County, Idaho is 8.0%, lower than the Idaho average of 10.3%.
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