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 | Blaine County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $728,124 | $355,887 | $242,182 |
| Price Trend (Annual %) | 4.8% | 14.8% | 8.2% |
| Median Gross Rent | $1,216 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Blaine County is about 105% higher than in Idaho. Rent is about 6% higher 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 Blaine County, up about 4.8% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Blaine County rose about 29.3% between 2015 and 2023, from $941 to $1,216. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 8.6 yearly household incomes in Blaine County.
Buying the median-priced home in Blaine County costs roughly 49.9 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 Blaine County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Blaine County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $728,124 | $355,887 | $242,182 |
| Median Household Income | $84,649 | $74,676 | $78,145 |
| Price-to-Income Ratio | 8.6 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Blaine County rose about 36.9%, while median household income rose about 45.6% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Blaine County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.0% | 64.7% | 58.2% |
| Rental Rate | 15.3% | 24.7% | 31.3% |
| Vacancy Rate | 37.7% | 10.7% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Blaine County has a homeownership rate of 47.0%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 37.7%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Blaine County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1988 | 1987 | 1978 |
| Median Number of Rooms | 5.1 | 5.9 | 5.5 |
The typical housing unit in Blaine County was built around 1988. On average, 2.5 people live in a home with about 5.1 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Blaine County, Idaho.
What is the median home price in Blaine County, Idaho?
The median home price in Blaine County, Idaho is $728,124, higher than the Idaho average of $355,887.
What is the average home price in Blaine 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 Blaine County, Idaho?
The median gross rent in Blaine County, Idaho is $1,216 per month, higher than the Idaho average of $1,150.
What was the median gross rent in Blaine County in 2020?
In 2020, the median gross rent in Blaine County, Idaho was $1,002 per month.
What is the price-to-rent ratio in Blaine County, Idaho?
The price-to-rent ratio in Blaine County, Idaho is about 49.9, meaning it would take roughly 49.9 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 Blaine County.
Are home prices or rent rising faster in Blaine County, Idaho?
Both home prices and rent are rising in Blaine County, up about 4.8% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Blaine County, Idaho?
47.0% of households in Blaine County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Blaine County, Idaho?
The housing vacancy rate in Blaine County, Idaho is 37.7%, higher than the Idaho average of 10.7%.