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 | Bonner County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $757,284 | $355,887 | $242,182 |
| Price Trend (Annual %) | 27.1% | 14.8% | 8.2% |
| Median Gross Rent | $1,058 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 5.4% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bonner County is about 113% higher than in Idaho. Rent is about 8% 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 Bonner County, up about 27.1% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Bonner County rose about 46.2% between 2015 and 2023, from $724 to $1,058. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 11.7 yearly household incomes in Bonner County.
Buying the median-priced home in Bonner County costs roughly 59.6 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 Bonner County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Bonner County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $757,284 | $355,887 | $242,182 |
| Median Household Income | $64,861 | $74,676 | $78,145 |
| Price-to-Income Ratio | 11.7 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bonner County rose about 286.6%, while median household income rose about 51.2% 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 | Bonner County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.2% | 64.7% | 58.2% |
| Rental Rate | 16.5% | 24.7% | 31.3% |
| Vacancy Rate | 26.4% | 10.7% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Bonner County has a homeownership rate of 57.2%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 26.4%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Bonner County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1989 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Bonner County was built around 1989. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bonner County, Idaho.
What is the median home price in Bonner County, Idaho?
The median home price in Bonner County, Idaho is $757,284, higher than the Idaho average of $355,887.
What is the average home price in Bonner 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 Bonner County, Idaho?
The median gross rent in Bonner County, Idaho is $1,058 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Bonner County in 2020?
In 2020, the median gross rent in Bonner County, Idaho was $912 per month.
What is the price-to-rent ratio in Bonner County, Idaho?
The price-to-rent ratio in Bonner County, Idaho is about 59.6, meaning it would take roughly 59.6 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 Bonner County.
Are home prices or rent rising faster in Bonner County, Idaho?
Both home prices and rent are rising in Bonner County, up about 27.1% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bonner County, Idaho?
57.2% of households in Bonner County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Bonner County, Idaho?
The housing vacancy rate in Bonner County, Idaho is 26.4%, higher than the Idaho average of 10.7%.