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 | Butte County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,500 | $355,887 | $242,182 |
| Price Trend (Annual %) | 19.5% | 14.8% | 8.2% |
| Median Gross Rent | $524 | $1,150 | $1,342 |
| Rent Trend (Annual %) | -2.2% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Butte County is about 40% lower than in Idaho. Rent is about 54% lower than the Idaho average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Butte County: home prices rose about 19.5% a year while rent fell about 2.2% a year. That is an unusual pattern worth watching.
Median rent in Butte County fell about 11.5% between 2015 and 2023, from $593 to $525. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Butte County.
Buying the median-priced home in Butte County costs roughly 33.8 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 Butte County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Butte County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,500 | $355,887 | $242,182 |
| Median Household Income | $42,250 | $74,676 | $78,145 |
| Price-to-Income Ratio | 5.0 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Butte County rose about 166.2%, while median household income rose about 23.3% 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 | Butte County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.7% | 64.7% | 58.2% |
| Rental Rate | 18.0% | 24.7% | 31.3% |
| Vacancy Rate | 20.2% | 10.7% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Butte County has a homeownership rate of 61.7%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 20.2%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Butte County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1971 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Butte County was built around 1971. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Butte County, Idaho.
What is the median home price in Butte County, Idaho?
The median home price in Butte County, Idaho is $212,500, lower than the Idaho average of $355,887.
What is the average home price in Butte 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 Butte County, Idaho?
The median gross rent in Butte County, Idaho is $525 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Butte County in 2020?
In 2020, the median gross rent in Butte County, Idaho was $682 per month.
What is the price-to-rent ratio in Butte County, Idaho?
The price-to-rent ratio in Butte County, Idaho is about 33.8, meaning it would take roughly 33.8 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 Butte County.
Are home prices or rent rising faster in Butte County, Idaho?
Home prices and rent are moving in opposite directions in Butte County: home prices rose about 19.5% a year while rent fell about 2.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Butte County, Idaho?
61.7% of households in Butte County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Butte County, Idaho?
The housing vacancy rate in Butte County, Idaho is 20.2%, higher than the Idaho average of 10.7%.