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.
Housing Market Overview
| Metric | Coeur d'Alene | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $520,200 | $355,887 | $242,182 |
| Price Trend (Annual %) | 20.8% | 14.8% | 8.2% |
| Median Gross Rent | $1,307 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 7.1% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coeur d'Alene is about 46% higher than in Idaho. Rent is about 14% higher 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 Coeur d'Alene, up about 20.8% and 7.1% a year respectively. Home prices are changing faster.
Median rent in Coeur d'Alene rose about 64.2% between 2015 and 2023, from $796 to $1,307. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 7.6 yearly household incomes in Coeur d'Alene.
Buying the median-priced home in Coeur d'Alene costs roughly 33.2 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 Coeur d'Alene. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Coeur d'Alene | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $520,200 | $355,887 | $242,182 |
| Median Household Income | $68,806 | $74,676 | $78,145 |
| Price-to-Income Ratio | 7.6 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Coeur d'Alene rose about 185.2%, while median household income rose about 89.3% 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 | Coeur d'Alene | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.4% | 64.7% | 58.2% |
| Rental Rate | 38.9% | 24.7% | 31.3% |
| Vacancy Rate | 7.7% | 10.7% | 10.6% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Coeur d'Alene has a homeownership rate of 53.4%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 7.7%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Coeur d'Alene | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1986 | 1987 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Coeur d'Alene was built around 1986. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Coeur d'Alene, Idaho.
What is the median home price in Coeur d'Alene, Idaho?
The median home price in Coeur d'Alene, Idaho is $520,200, higher than the Idaho average of $355,887.
What is the average home price in Coeur d'Alene, 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 Coeur d'Alene, Idaho?
The median gross rent in Coeur d'Alene, Idaho is $1,307 per month, higher than the Idaho average of $1,150.
What was the median gross rent in Coeur d'Alene in 2020?
In 2020, the median gross rent in Coeur d'Alene, Idaho was $1,037 per month.
What is the price-to-rent ratio in Coeur d'Alene, Idaho?
The price-to-rent ratio in Coeur d'Alene, Idaho is about 33.2, meaning it would take roughly 33.2 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 Coeur d'Alene.
Are home prices or rent rising faster in Coeur d'Alene, Idaho?
Both home prices and rent are rising in Coeur d'Alene, up about 20.8% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coeur d'Alene, Idaho?
53.4% of households in Coeur d'Alene, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Coeur d'Alene, Idaho?
The housing vacancy rate in Coeur d'Alene, Idaho is 7.7%, lower than the Idaho average of 10.7%.