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 | Cassia County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $179,870 | $355,887 | $242,182 |
| Price Trend (Annual %) | -0.7% | 14.8% | 8.2% |
| Median Gross Rent | $920 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 6.2% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cassia County is about 49% lower than in Idaho. Rent is about 20% 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 Cassia County: home prices fell about 0.7% a year while rent rose about 6.2% a year. That is an unusual pattern worth watching.
Median rent in Cassia County rose about 56.5% between 2015 and 2023, from $588 to $920. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Cassia County.
Buying the median-priced home in Cassia County costs roughly 16.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cassia County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Cassia County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $179,870 | $355,887 | $242,182 |
| Median Household Income | $67,957 | $74,676 | $78,145 |
| Price-to-Income Ratio | 2.6 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Cassia County rose about 29.1%, while median household income rose about 73.2% 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 | Cassia County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.1% | 64.7% | 58.2% |
| Rental Rate | 27.5% | 24.7% | 31.3% |
| Vacancy Rate | 8.4% | 10.7% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Cassia County has a homeownership rate of 64.1%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 8.4%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Cassia County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.00 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1974 | 1987 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Cassia County was built around 1974. On average, 3.0 people live in a home with about 6.1 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cassia County, Idaho.
What is the median home price in Cassia County, Idaho?
The median home price in Cassia County, Idaho is $179,870, lower than the Idaho average of $355,887.
What is the average home price in Cassia 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 Cassia County, Idaho?
The median gross rent in Cassia County, Idaho is $920 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Cassia County in 2020?
In 2020, the median gross rent in Cassia County, Idaho was $701 per month.
What is the price-to-rent ratio in Cassia County, Idaho?
The price-to-rent ratio in Cassia County, Idaho is about 16.3, meaning it would take roughly 16.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cassia County.
Are home prices or rent rising faster in Cassia County, Idaho?
Home prices and rent are moving in opposite directions in Cassia County: home prices fell about 0.7% a year while rent rose about 6.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Cassia County, Idaho?
64.1% of households in Cassia County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Cassia County, Idaho?
The housing vacancy rate in Cassia County, Idaho is 8.4%, lower than the Idaho average of 10.7%.