Payette County, Idaho Housing Market Prices
Payette 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 10% below the Idaho median$354,910
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Median rent 30% below the Idaho median Cheaper than 70% of counties in Idaho$860
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Payette County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $354,910 | $394,140 | $248,835 |
| Price Trend (Annual %) | 25.7% | 14.3% | 7.5% |
| Median Gross Rent | $860 | $1,236 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Payette County is about 10% lower than in Idaho. Rent is about 30% 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 Payette County, up about 25.7% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Payette County rose about 28.7% between 2015 and 2024, from $668 to $860. Over the same span, rent in Idaho rose about 66.6%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Payette County.
Buying the median-priced home in Payette County costs roughly 34.4 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 Payette County. The price-to-rent ratio in Idaho is about 26.6.
| Metric | Payette County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $354,910 | $394,140 | $248,835 |
| Median Household Income | $67,405 | $78,141 | $80,455 |
| Price-to-Income Ratio | 5.3 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Payette County rose about 389.6%, while median household income rose about 41.6% 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 | Payette County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.2% | 64.8% | 58.5% |
| Rental Rate | 24.4% | 24.9% | 31.2% |
| Vacancy Rate | 4.4% | 10.3% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Payette County has a homeownership rate of 71.2%, higher than the Idaho average of 64.8%. Its housing vacancy rate is 4.4%, compared with 10.3% in Idaho.
Housing Stock
| Metric | Payette County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.64 people | 2.53 people |
| Median Structure Built Year | 1978 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Payette County was built around 1978. On average, 2.7 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Payette County, ID Housing Compared With Nearby Counties
How Payette County, ID compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Payette County, ID | 26,771 | $354,910 #3/3 | $860 #3/3 | 74.5% #2/3 |
| Canyon County, ID | 250,790 | $362,701 | $1,347 | 75.5% |
| Ada County, ID | 518,902 | $485,999 | $1,577 | 70.8% |
Frequently Asked Questions
Common questions about the housing market in Payette County, Idaho.
What is the median home price in Payette County, Idaho?
The median home price in Payette County, Idaho is $354,910, lower than the Idaho average of $394,140.
What is the average home price in Payette County, Idaho?
The typical home price in Payette County, Idaho, reported as the median sale price, is $354,910. 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 Payette County, Idaho?
The median gross rent in Payette County, Idaho is $860 per month, lower than the Idaho average of $1,236.
What was the median gross rent in Payette County in 2020?
In 2020, the median gross rent in Payette County, Idaho was $740 per month.
What is the price-to-rent ratio in Payette County, Idaho?
The price-to-rent ratio in Payette County, Idaho is about 34.4, meaning it would take roughly 34.4 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 Payette County.
Are home prices or rent rising faster in Payette County, Idaho?
Both home prices and rent are rising in Payette County, up about 25.7% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Payette County, Idaho?
71.2% of households in Payette County, Idaho own their home, higher than the Idaho average of 64.8%.
What is the vacancy rate in Payette County, Idaho?
The housing vacancy rate in Payette County, Idaho is 4.4%, lower than the Idaho average of 10.3%.
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