Lemhi County, Idaho Housing Market Prices
Lemhi 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 14% above the Idaho median More expensive than 81% of counties in Idaho$450,000
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Median rent 39% below the Idaho median Among the top 5 cheapest counties in Idaho$754
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lemhi County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $394,140 | $248,835 |
| Price Trend (Annual %) | 25.3% | 14.3% | 7.5% |
| Median Gross Rent | $754 | $1,236 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lemhi County is about 14% higher than in Idaho. Rent is about 39% 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 Lemhi County, up about 25.3% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Lemhi County rose about 35.7% between 2015 and 2024, from $555 to $754. Over the same span, rent in Idaho rose about 66.6%.
Affordability
On average, housing unit costs 8.3 yearly household incomes in Lemhi County.
Buying the median-priced home in Lemhi County costs roughly 49.7 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 Lemhi County. The price-to-rent ratio in Idaho is about 26.6.
| Metric | Lemhi County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $394,140 | $248,835 |
| Median Household Income | $54,128 | $78,141 | $80,455 |
| Price-to-Income Ratio | 8.3 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lemhi County rose about 188.8%, while median household income rose about 24.2% 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 | Lemhi County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.6% | 64.8% | 58.5% |
| Rental Rate | 15.3% | 24.9% | 31.2% |
| Vacancy Rate | 26.0% | 10.3% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Lemhi County has a homeownership rate of 58.6%, lower than the Idaho average of 64.8%. Its housing vacancy rate is 26.0%, compared with 10.3% in Idaho.
Housing Stock
| Metric | Lemhi County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.64 people | 2.53 people |
| Median Structure Built Year | 1980 | 1987 | 1978 |
| Median Number of Rooms | 5.2 | 5.9 | 5.5 |
The typical housing unit in Lemhi County was built around 1980. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Lemhi County, ID Housing Compared With Nearby Counties
How Lemhi County, ID compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lemhi County, ID | 8,243 | $450,000 #2/2 | $754 #2/2 | 79.3% #2/2 |
| Ravalli County, MT | 46,722 | $1,571,428 | $1,053 | 79.4% |
Frequently Asked Questions
Common questions about the housing market in Lemhi County, Idaho.
What is the median home price in Lemhi County, Idaho?
The median home price in Lemhi County, Idaho is $450,000, higher than the Idaho average of $394,140.
What is the average home price in Lemhi County, Idaho?
The typical home price in Lemhi County, Idaho, reported as the median sale price, is $450,000. 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 Lemhi County, Idaho?
The median gross rent in Lemhi County, Idaho is $754 per month, lower than the Idaho average of $1,236.
What was the median gross rent in Lemhi County in 2020?
In 2020, the median gross rent in Lemhi County, Idaho was $627 per month.
What is the price-to-rent ratio in Lemhi County, Idaho?
The price-to-rent ratio in Lemhi County, Idaho is about 49.7, meaning it would take roughly 49.7 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 Lemhi County.
Are home prices or rent rising faster in Lemhi County, Idaho?
Both home prices and rent are rising in Lemhi County, up about 25.3% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lemhi County, Idaho?
58.6% of households in Lemhi County, Idaho own their home, lower than the Idaho average of 64.8%.
What is the vacancy rate in Lemhi County, Idaho?
The housing vacancy rate in Lemhi County, Idaho is 26.0%, higher than the Idaho average of 10.3%.
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