Gem County, Idaho Housing Market Prices
Gem 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 71% below the Idaho median Among the top 5 cheapest counties in Idaho$112,500
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Median rent 16% below the Idaho median More expensive than 74% of counties in Idaho$1,038
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gem County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $394,140 | $248,835 |
| Price Trend (Annual %) | 129.2% | 14.3% | 7.5% |
| Median Gross Rent | $1,038 | $1,236 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gem County is about 71% lower than in Idaho. Rent is about 16% lower than 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 Gem County, up about 129.2% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Gem County rose about 32.1% between 2015 and 2024, from $786 to $1,038. Over the same span, rent in Idaho rose about 66.6%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Gem County.
Buying the median-priced home in Gem County costs roughly 9.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Gem County. The price-to-rent ratio in Idaho is about 26.6.
| Metric | Gem County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $394,140 | $248,835 |
| Median Household Income | $65,574 | $78,141 | $80,455 |
| Price-to-Income Ratio | 1.7 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gem County rose about 197.8%, while median household income rose about 46.6% 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 | Gem County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.0% | 64.8% | 58.5% |
| Rental Rate | 23.0% | 24.9% | 31.2% |
| Vacancy Rate | 3.9% | 10.3% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Gem County has a homeownership rate of 73.0%, higher than the Idaho average of 64.8%. Its housing vacancy rate is 3.9%, compared with 10.3% in Idaho.
Housing Stock
| Metric | Gem County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.64 people | 2.53 people |
| Median Structure Built Year | 1988 | 1987 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Gem County was built around 1988. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Gem County, ID Housing Compared With Nearby Counties
Gem County, ID is the smallest of the 4 counties compared here, 20,614 residents against a local median of 250,790. The measure that sets Gem County, ID apart most is median home price: $112,500, 69% below the local median of $362,701.
Median rent tells the same story from another angle: $1,038 against a local median of $1,347, 23% below it. The counties themselves sit within $131,089 of each other on median home price, a tighter band than the gap between any of them and Gem County, ID, which makes it a genuine outlier here rather than one end of a wide local spread. Gem County, ID has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Gem County, ID | 20,614 | $112,500 #4/4 | $1,038 #3/4 | 76.0% #1/4 |
| Payette County, ID | 26,771 | $354,910 | $860 | 74.5% |
| Canyon County, ID | 250,790 | $362,701 | $1,347 | 75.5% |
| Ada County, ID | 518,902 | $485,999 | $1,577 | 70.8% |
Frequently Asked Questions
Common questions about the housing market in Gem County, Idaho.
What is the median home price in Gem County, Idaho?
The median home price in Gem County, Idaho is $112,500, lower than the Idaho average of $394,140.
What is the average home price in Gem County, Idaho?
The typical home price in Gem County, Idaho, reported as the median sale price, is $112,500. 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 Gem County, Idaho?
The median gross rent in Gem County, Idaho is $1,038 per month, lower than the Idaho average of $1,236.
What was the median gross rent in Gem County in 2020?
In 2020, the median gross rent in Gem County, Idaho was $663 per month.
What is the price-to-rent ratio in Gem County, Idaho?
The price-to-rent ratio in Gem County, Idaho is about 9.0, meaning it would take roughly 9.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Gem County.
Are home prices or rent rising faster in Gem County, Idaho?
Both home prices and rent are rising in Gem County, up about 129.2% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gem County, Idaho?
73.0% of households in Gem County, Idaho own their home, higher than the Idaho average of 64.8%.
What is the vacancy rate in Gem County, Idaho?
The housing vacancy rate in Gem County, Idaho is 3.9%, lower than the Idaho average of 10.3%.
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