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 | Boundary County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $318,748 | $355,887 | $242,182 |
| Price Trend (Annual %) | 15.4% | 14.8% | 8.2% |
| Median Gross Rent | $866 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Boundary County is about 10% lower than in Idaho. Rent is about 25% 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 Boundary County, up about 15.4% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Boundary County rose about 22.6% between 2015 and 2023, from $706 to $866. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Boundary County.
Buying the median-priced home in Boundary County costs roughly 30.7 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 Boundary County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Boundary County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $318,748 | $355,887 | $242,182 |
| Median Household Income | $64,839 | $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 Boundary County rose about 137.7%, while median household income rose about 83.3% 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 | Boundary County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.1% | 64.7% | 58.2% |
| Rental Rate | 19.2% | 24.7% | 31.3% |
| Vacancy Rate | 12.6% | 10.7% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Boundary County has a homeownership rate of 68.1%, higher than the Idaho average of 64.7%. Its housing vacancy rate is 12.6%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Boundary County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1990 | 1987 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Boundary County was built around 1990. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Boundary County, Idaho.
What is the median home price in Boundary County, Idaho?
The median home price in Boundary County, Idaho is $318,748, lower than the Idaho average of $355,887.
What is the average home price in Boundary 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 Boundary County, Idaho?
The median gross rent in Boundary County, Idaho is $866 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Boundary County in 2020?
In 2020, the median gross rent in Boundary County, Idaho was $688 per month.
What is the price-to-rent ratio in Boundary County, Idaho?
The price-to-rent ratio in Boundary County, Idaho is about 30.7, meaning it would take roughly 30.7 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 Boundary County.
Are home prices or rent rising faster in Boundary County, Idaho?
Both home prices and rent are rising in Boundary County, up about 15.4% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Boundary County, Idaho?
68.1% of households in Boundary County, Idaho own their home, higher than the Idaho average of 64.7%.
What is the vacancy rate in Boundary County, Idaho?
The housing vacancy rate in Boundary County, Idaho is 12.6%, higher than the Idaho average of 10.7%.