Idaho Housing Market Prices
Idaho 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 58% above the US median More expensive than 82% of states in US$394,140
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Median rent 12% below the US median$1,236
Median Home Price Map: Counties in Idaho
Housing Market Overview
| Metric | Idaho | US Average |
|---|---|---|
| Median Home Price | $394,140 | $248,835 |
| Price Trend (Annual %) | 14.3% | 7.5% |
| Median Gross Rent | $1,236 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — |
The median home price in Idaho is about 58% higher than in US. Rent is about 12% lower than the US 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 Idaho, up about 14.3% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Idaho rose about 66.6% between 2015 and 2024, from $742 to $1,236. Over the same span, rent in US rose about 52.1%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Idaho.
Buying the median-priced home in Idaho costs roughly 26.6 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 Idaho. The price-to-rent ratio in US is about 14.7.
| Metric | Idaho | US Average |
|---|---|---|
| Median Home Price | $394,140 | $248,835 |
| Median Household Income | $78,141 | $80,455 |
| Price-to-Income Ratio | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Idaho rose about 185.2%, while median household income rose about 59.1% 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 | Idaho | US Average |
|---|---|---|
| Homeownership Rate | 64.8% | 58.5% |
| Rental Rate | 24.9% | 31.2% |
| Vacancy Rate | 10.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 |
Idaho has a homeownership rate of 64.8%, higher than the US average of 58.5%. Its housing vacancy rate is 10.3%, compared with 10.2% in US.
Housing Stock
| Metric | Idaho | US Average |
|---|---|---|
| Average Household Size | 2.64 people | 2.53 people |
| Median Structure Built Year | 1987 | 1978 |
| Median Number of Rooms | 5.9 | 5.5 |
The typical housing unit in Idaho was built around 1987. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Idaho Housing Compared With Nearby States
Idaho is the 5th largest of the 6 states compared here, 1,929,983 residents against a local median of 3,390,702. Where Idaho breaks from the states next to it is median rent, sitting 19% below the local median of $1,525 at $1,236.
The states themselves spread $678 on median rent, so Idaho sits at one end of an already wide local range rather than apart from it. Idaho has the 5th highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Idaho | 1,929,983 | $394,140 #4/6 | $1,236 #5/6 | 72.3% #1/6 |
| Nevada | 3,183,702 | $357,758 | $1,597 | 60.0% |
| Montana | 1,116,812 | $249,140 | $1,081 | 69.2% |
| Utah | 3,390,702 | $498,552 | $1,495 | 70.3% |
| Oregon | 4,252,306 | $406,603 | $1,525 | 63.3% |
| Washington | 7,801,159 | $485,016 | $1,759 | 63.8% |
Frequently Asked Questions
Common questions about the housing market in Idaho.
What is the median home price in Idaho?
The median home price in Idaho is $394,140, higher than the US average of $248,835.
What is the average home price in Idaho?
The typical home price in Idaho, reported as the median sale price, is $394,140. 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 Idaho?
The median gross rent in Idaho is $1,236 per month, lower than the US average of $1,407.
What was the median gross rent in Idaho in 2020?
In 2020, the median gross rent in Idaho was $886 per month.
What is the price-to-rent ratio in Idaho?
The price-to-rent ratio in Idaho is about 26.6, meaning it would take roughly 26.6 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 Idaho.
Are home prices or rent rising faster in Idaho?
Both home prices and rent are rising in Idaho, up about 14.3% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Idaho?
64.8% of households in Idaho own their home, higher than the US average of 58.5%.
What is the vacancy rate in Idaho?
The housing vacancy rate in Idaho is 10.3%, higher than the US average of 10.2%.
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