Elmore County, Idaho Housing Market Prices
Elmore 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 7% above the Idaho median More expensive than 74% of counties in Idaho$421,052
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Median rent About the same as the Idaho median More expensive than 88% of counties in Idaho$1,242
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Elmore County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $421,052 | $394,140 | $248,835 |
| Price Trend (Annual %) | 19.8% | 14.3% | 7.5% |
| Median Gross Rent | $1,242 | $1,236 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Elmore County is about 7% higher than in Idaho. Rent follows a similar pattern, running close to 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 Elmore County, up about 19.8% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Elmore County rose about 64.1% between 2015 and 2024, from $757 to $1,242. Over the same span, rent in Idaho rose about 66.6%.
Affordability
On average, housing unit costs 6.4 yearly household incomes in Elmore County.
Buying the median-priced home in Elmore County costs roughly 28.3 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 Elmore County. The price-to-rent ratio in Idaho is about 26.6.
| Metric | Elmore County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $421,052 | $394,140 | $248,835 |
| Median Household Income | $66,194 | $78,141 | $80,455 |
| Price-to-Income Ratio | 6.4 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Elmore County rose about 285.6%, while median household income rose about 32.6% 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 | Elmore County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.2% | 64.8% | 58.5% |
| Rental Rate | 31.0% | 24.9% | 31.2% |
| Vacancy Rate | 9.8% | 10.3% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Elmore County has a homeownership rate of 59.2%, lower than the Idaho average of 64.8%. Its housing vacancy rate is 9.8%, compared with 10.3% in Idaho.
Housing Stock
| Metric | Elmore County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.64 people | 2.53 people |
| Median Structure Built Year | 1989 | 1987 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Elmore County was built around 1989. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Elmore County, ID Housing Compared With Nearby Counties
How Elmore County, ID compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Elmore County, ID | 29,321 | $421,052 #2/2 | $1,242 #2/2 | 65.6% #2/2 |
| Ada County, ID | 518,902 | $485,999 | $1,577 | 70.8% |
Frequently Asked Questions
Common questions about the housing market in Elmore County, Idaho.
What is the median home price in Elmore County, Idaho?
The median home price in Elmore County, Idaho is $421,052, higher than the Idaho average of $394,140.
What is the average home price in Elmore County, Idaho?
The typical home price in Elmore County, Idaho, reported as the median sale price, is $421,052. 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 Elmore County, Idaho?
The median gross rent in Elmore County, Idaho is $1,242 per month, about the same as the Idaho average.
What was the median gross rent in Elmore County in 2020?
In 2020, the median gross rent in Elmore County, Idaho was $868 per month.
What is the price-to-rent ratio in Elmore County, Idaho?
The price-to-rent ratio in Elmore County, Idaho is about 28.3, meaning it would take roughly 28.3 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 Elmore County.
Are home prices or rent rising faster in Elmore County, Idaho?
Both home prices and rent are rising in Elmore County, up about 19.8% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Elmore County, Idaho?
59.2% of households in Elmore County, Idaho own their home, lower than the Idaho average of 64.8%.
What is the vacancy rate in Elmore County, Idaho?
The housing vacancy rate in Elmore County, Idaho is 9.8%, lower than the Idaho average of 10.3%.
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