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 | Nez Perce County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $234,654 | $355,887 | $242,182 |
| Price Trend (Annual %) | 10.2% | 14.8% | 8.2% |
| Median Gross Rent | $936 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nez Perce County is about 34% lower than in Idaho. Rent is about 19% 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 Nez Perce County, up about 10.2% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Nez Perce County rose about 40.9% between 2015 and 2023, from $664 to $936. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Nez Perce County.
Buying the median-priced home in Nez Perce County costs roughly 20.9 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 Nez Perce County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Nez Perce County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $234,654 | $355,887 | $242,182 |
| Median Household Income | $71,301 | $74,676 | $78,145 |
| Price-to-Income Ratio | 3.3 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Nez Perce County rose about 82.9%, while median household income rose about 65.9% 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 | Nez Perce County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 64.7% | 58.2% |
| Rental Rate | 25.9% | 24.7% | 31.3% |
| Vacancy Rate | 6.7% | 10.7% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Nez Perce County has a homeownership rate of 67.3%, higher than the Idaho average of 64.7%. Its housing vacancy rate is 6.7%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Nez Perce County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1972 | 1987 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Nez Perce County was built around 1972. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Nez Perce County, Idaho.
What is the median home price in Nez Perce County, Idaho?
The median home price in Nez Perce County, Idaho is $234,654, lower than the Idaho average of $355,887.
What is the average home price in Nez Perce 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 Nez Perce County, Idaho?
The median gross rent in Nez Perce County, Idaho is $936 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Nez Perce County in 2020?
In 2020, the median gross rent in Nez Perce County, Idaho was $730 per month.
What is the price-to-rent ratio in Nez Perce County, Idaho?
The price-to-rent ratio in Nez Perce County, Idaho is about 20.9, meaning it would take roughly 20.9 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 Nez Perce County.
Are home prices or rent rising faster in Nez Perce County, Idaho?
Both home prices and rent are rising in Nez Perce County, up about 10.2% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nez Perce County, Idaho?
67.3% of households in Nez Perce County, Idaho own their home, higher than the Idaho average of 64.7%.
What is the vacancy rate in Nez Perce County, Idaho?
The housing vacancy rate in Nez Perce County, Idaho is 6.7%, lower than the Idaho average of 10.7%.