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 | Oneida County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,000 | $355,887 | $242,182 |
| Price Trend (Annual %) | 11.6% | 14.8% | 8.2% |
| Median Gross Rent | $1,009 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 7.8% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oneida County is about 79% lower than in Idaho. Rent is about 12% lower than the Idaho average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Oneida County, up about 11.6% and 7.8% a year respectively. Home prices are changing faster.
Median rent in Oneida County rose about 90.6% between 2015 and 2023, from $530 to $1,009. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Oneida County.
Buying the median-priced home in Oneida County costs roughly 6.2 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 Oneida County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Oneida County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,000 | $355,887 | $242,182 |
| Median Household Income | $71,749 | $74,676 | $78,145 |
| Price-to-Income Ratio | 1.0 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Oneida County rose about 92.9%, while median household income rose about 64.8% 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 | Oneida County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 81.7% | 64.7% | 58.2% |
| Rental Rate | 12.0% | 24.7% | 31.3% |
| Vacancy Rate | 6.3% | 10.7% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Oneida County has a homeownership rate of 81.7%, higher than the Idaho average of 64.7%. Its housing vacancy rate is 6.3%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Oneida County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1968 | 1987 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in Oneida County was built around 1968. On average, 2.4 people live in a home with about 6.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Oneida County, Idaho.
What is the median home price in Oneida County, Idaho?
The median home price in Oneida County, Idaho is $75,000, lower than the Idaho average of $355,887.
What is the average home price in Oneida 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 Oneida County, Idaho?
The median gross rent in Oneida County, Idaho is $1,009 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Oneida County in 2020?
In 2020, the median gross rent in Oneida County, Idaho was $731 per month.
What is the price-to-rent ratio in Oneida County, Idaho?
The price-to-rent ratio in Oneida County, Idaho is about 6.2, meaning it would take roughly 6.2 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 Oneida County.
Are home prices or rent rising faster in Oneida County, Idaho?
Both home prices and rent are rising in Oneida County, up about 11.6% and 7.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oneida County, Idaho?
81.7% of households in Oneida County, Idaho own their home, higher than the Idaho average of 64.7%.
What is the vacancy rate in Oneida County, Idaho?
The housing vacancy rate in Oneida County, Idaho is 6.3%, lower than the Idaho average of 10.7%.