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 | Clark County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $182,812 | $355,887 | $242,182 |
| Price Trend (Annual %) | 6.0% | 14.8% | 8.2% |
| Median Gross Rent | $771 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 12.1% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clark County is about 49% lower than in Idaho. Rent is about 33% 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 Clark County, up about 6.0% and 12.1% a year respectively. Rent is changing faster.
Median rent in Clark County rose about 46.1% between 2015 and 2023, from $528 to $771. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Clark County.
Buying the median-priced home in Clark County costs roughly 19.8 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 Clark County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Clark County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $182,812 | $355,887 | $242,182 |
| Median Household Income | $53,571 | $74,676 | $78,145 |
| Price-to-Income Ratio | 3.4 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clark County fell about 21.6%, while median household income rose about 39.7% 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 | Clark County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 36.4% | 64.7% | 58.2% |
| Rental Rate | 20.6% | 24.7% | 31.3% |
| Vacancy Rate | 43.0% | 10.7% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Clark County has a homeownership rate of 36.4%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 43.0%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Clark County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.95 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1977 | 1987 | 1978 |
| Median Number of Rooms | 5.1 | 5.9 | 5.5 |
The typical housing unit in Clark County was built around 1977. On average, 2.9 people live in a home with about 5.1 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clark County, Idaho.
What is the median home price in Clark County, Idaho?
The median home price in Clark County, Idaho is $182,812, lower than the Idaho average of $355,887.
What is the average home price in Clark 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 Clark County, Idaho?
The median gross rent in Clark County, Idaho is $771 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Clark County in 2020?
In 2020, the median gross rent in Clark County, Idaho was $669 per month.
What is the price-to-rent ratio in Clark County, Idaho?
The price-to-rent ratio in Clark County, Idaho is about 19.8, meaning it would take roughly 19.8 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 Clark County.
Are home prices or rent rising faster in Clark County, Idaho?
Both home prices and rent are rising in Clark County, up about 6.0% and 12.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Clark County, Idaho?
36.4% of households in Clark County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Clark County, Idaho?
The housing vacancy rate in Clark County, Idaho is 43.0%, higher than the Idaho average of 10.7%.