Canyon County, Idaho Housing Market Prices
Canyon 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 8% below the Idaho median$362,701
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Median rent 9% above the Idaho median Among the 3 most expensive counties in Idaho$1,347
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Canyon County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $362,701 | $394,140 | $248,835 |
| Price Trend (Annual %) | 20.9% | 14.3% | 7.5% |
| Median Gross Rent | $1,347 | $1,236 | $1,407 |
| Rent Trend (Annual %) | 7.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Canyon County is about 8% lower than in Idaho. Rent is about 9% higher 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 Canyon County, up about 20.9% and 7.2% a year respectively. Home prices are changing faster.
Median rent in Canyon County rose about 80.7% between 2015 and 2024, from $745 to $1,347. Over the same span, rent in Idaho rose about 66.6%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Canyon County.
Buying the median-priced home in Canyon County costs roughly 22.4 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 Canyon County. The price-to-rent ratio in Idaho is about 26.6.
| Metric | Canyon County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $362,701 | $394,140 | $248,835 |
| Median Household Income | $76,988 | $78,141 | $80,455 |
| Price-to-Income Ratio | 4.7 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Canyon County rose about 327.0%, while median household income rose about 62.9% 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 | Canyon County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.9% | 64.8% | 58.5% |
| Rental Rate | 23.6% | 24.9% | 31.2% |
| Vacancy Rate | 3.4% | 10.3% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Canyon County has a homeownership rate of 72.9%, higher than the Idaho average of 64.8%. Its housing vacancy rate is 3.4%, compared with 10.3% in Idaho.
Housing Stock
| Metric | Canyon County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.87 people | 2.64 people | 2.53 people |
| Median Structure Built Year | 1994 | 1987 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Canyon County was built around 1994. On average, 2.9 people live in a home with about 5.9 rooms, staying for about 13.0 years on average.
Canyon County, ID Housing Compared With Nearby Counties
Canyon County, ID is the 2nd largest of the 4 counties compared here, 250,790 residents against a local median of 31,953. Where Canyon County, ID breaks from the counties next to it is median rent, sitting 57% above the local median of $860 at $1,347.
The counties themselves spread $756 on median rent, so Canyon County, ID sits at one end of an already wide local range rather than apart from it. Canyon County, ID has the 2nd highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Canyon County, ID | 250,790 | $362,701 #2/4 | $1,347 #2/4 | 75.5% #1/4 |
| Payette County, ID | 26,771 | $354,910 | $860 | 74.5% |
| Ada County, ID | 518,902 | $485,999 | $1,577 | 70.8% |
| Malheur County, OR | 31,953 | $294,932 | $821 | 63.2% |
Frequently Asked Questions
Common questions about the housing market in Canyon County, Idaho.
What is the median home price in Canyon County, Idaho?
The median home price in Canyon County, Idaho is $362,701, lower than the Idaho average of $394,140.
What is the average home price in Canyon County, Idaho?
The typical home price in Canyon County, Idaho, reported as the median sale price, is $362,701. 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 Canyon County, Idaho?
The median gross rent in Canyon County, Idaho is $1,347 per month, higher than the Idaho average of $1,236.
What was the median gross rent in Canyon County in 2020?
In 2020, the median gross rent in Canyon County, Idaho was $936 per month.
What is the price-to-rent ratio in Canyon County, Idaho?
The price-to-rent ratio in Canyon County, Idaho is about 22.4, meaning it would take roughly 22.4 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 Canyon County.
Are home prices or rent rising faster in Canyon County, Idaho?
Both home prices and rent are rising in Canyon County, up about 20.9% and 7.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Canyon County, Idaho?
72.9% of households in Canyon County, Idaho own their home, higher than the Idaho average of 64.8%.
What is the vacancy rate in Canyon County, Idaho?
The housing vacancy rate in Canyon County, Idaho is 3.4%, lower than the Idaho average of 10.3%.
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