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 | Kootenai County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $426,005 | $355,887 | $242,182 |
| Price Trend (Annual %) | 10.6% | 14.8% | 8.2% |
| Median Gross Rent | $1,330 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 6.2% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kootenai County is about 20% higher than in Idaho. Rent is about 16% 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 Kootenai County, up about 10.6% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Kootenai County rose about 59.0% between 2015 and 2023, from $837 to $1,330. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Kootenai County.
Buying the median-priced home in Kootenai County costs roughly 26.7 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 Kootenai County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Kootenai County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $426,005 | $355,887 | $242,182 |
| Median Household Income | $77,581 | $74,676 | $78,145 |
| Price-to-Income Ratio | 5.5 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kootenai County rose about 122.3%, while median household income rose about 70.8% 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 | Kootenai County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.0% | 64.7% | 58.2% |
| Rental Rate | 24.6% | 24.7% | 31.3% |
| Vacancy Rate | 11.4% | 10.7% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Kootenai County has a homeownership rate of 64.0%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 11.4%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Kootenai County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1991 | 1987 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Kootenai County was built around 1991. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kootenai County, Idaho.
What is the median home price in Kootenai County, Idaho?
The median home price in Kootenai County, Idaho is $426,005, higher than the Idaho average of $355,887.
What is the average home price in Kootenai 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 Kootenai County, Idaho?
The median gross rent in Kootenai County, Idaho is $1,330 per month, higher than the Idaho average of $1,150.
What was the median gross rent in Kootenai County in 2020?
In 2020, the median gross rent in Kootenai County, Idaho was $1,037 per month.
What is the price-to-rent ratio in Kootenai County, Idaho?
The price-to-rent ratio in Kootenai County, Idaho is about 26.7, meaning it would take roughly 26.7 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 Kootenai County.
Are home prices or rent rising faster in Kootenai County, Idaho?
Both home prices and rent are rising in Kootenai County, up about 10.6% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kootenai County, Idaho?
64.0% of households in Kootenai County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Kootenai County, Idaho?
The housing vacancy rate in Kootenai County, Idaho is 11.4%, higher than the Idaho average of 10.7%.