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 | Owyhee County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,967 | $355,887 | $242,182 |
| Price Trend (Annual %) | -10.0% | 14.8% | 8.2% |
| Median Gross Rent | $771 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Owyhee County is about 81% lower than in Idaho. Rent is about 33% lower than the Idaho average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Owyhee County: home prices fell about 10.0% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
Median rent in Owyhee County rose about 38.2% between 2015 and 2023, from $557 to $771. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Owyhee County.
Buying the median-priced home in Owyhee County costs roughly 7.1 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 Owyhee County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Owyhee County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,967 | $355,887 | $242,182 |
| Median Household Income | $59,604 | $74,676 | $78,145 |
| Price-to-Income Ratio | 1.1 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Owyhee County fell about 40.2%, while median household income rose about 90.1% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Owyhee County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.7% | 64.7% | 58.2% |
| Rental Rate | 25.8% | 24.7% | 31.3% |
| Vacancy Rate | 11.6% | 10.7% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Owyhee County has a homeownership rate of 62.7%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 11.6%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Owyhee County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1988 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.9 | 5.5 |
The typical housing unit in Owyhee County was built around 1988. On average, 2.9 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Owyhee County, Idaho.
What is the median home price in Owyhee County, Idaho?
The median home price in Owyhee County, Idaho is $65,967, lower than the Idaho average of $355,887.
What is the average home price in Owyhee 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 Owyhee County, Idaho?
The median gross rent in Owyhee County, Idaho is $771 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Owyhee County in 2020?
In 2020, the median gross rent in Owyhee County, Idaho was $662 per month.
What is the price-to-rent ratio in Owyhee County, Idaho?
The price-to-rent ratio in Owyhee County, Idaho is about 7.1, meaning it would take roughly 7.1 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 Owyhee County.
Are home prices or rent rising faster in Owyhee County, Idaho?
Home prices and rent are moving in opposite directions in Owyhee County: home prices fell about 10.0% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Owyhee County, Idaho?
62.7% of households in Owyhee County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Owyhee County, Idaho?
The housing vacancy rate in Owyhee County, Idaho is 11.6%, higher than the Idaho average of 10.7%.