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 | Fremont County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,927 | $355,887 | $242,182 |
| Price Trend (Annual %) | 13.8% | 14.8% | 8.2% |
| Median Gross Rent | $803 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 2.6% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fremont County is about 48% lower than in Idaho. Rent is about 30% 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 Fremont County, up about 13.8% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Fremont County rose about 21.0% between 2015 and 2023, from $663 to $803. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Fremont County.
Buying the median-priced home in Fremont County costs roughly 19.2 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 Fremont County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Fremont County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,927 | $355,887 | $242,182 |
| Median Household Income | $71,865 | $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 Fremont County rose about 62.5%, while median household income rose about 65.8% 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 | Fremont County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.8% | 64.7% | 58.2% |
| Rental Rate | 8.2% | 24.7% | 31.3% |
| Vacancy Rate | 48.0% | 10.7% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Fremont County has a homeownership rate of 43.8%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 48.0%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Fremont County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.92 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1978 | 1987 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Fremont County was built around 1978. On average, 2.9 people live in a home with about 5.4 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fremont County, Idaho.
What is the median home price in Fremont County, Idaho?
The median home price in Fremont County, Idaho is $184,927, lower than the Idaho average of $355,887.
What is the average home price in Fremont 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 Fremont County, Idaho?
The median gross rent in Fremont County, Idaho is $803 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Fremont County in 2020?
In 2020, the median gross rent in Fremont County, Idaho was $713 per month.
What is the price-to-rent ratio in Fremont County, Idaho?
The price-to-rent ratio in Fremont County, Idaho is about 19.2, meaning it would take roughly 19.2 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 Fremont County.
Are home prices or rent rising faster in Fremont County, Idaho?
Both home prices and rent are rising in Fremont County, up about 13.8% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fremont County, Idaho?
43.8% of households in Fremont County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Fremont County, Idaho?
The housing vacancy rate in Fremont County, Idaho is 48.0%, higher than the Idaho average of 10.7%.