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.
Housing Market Overview
| Metric | Pocatello | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $121,785 | $355,887 | $242,182 |
| Price Trend (Annual %) | 6.2% | 14.8% | 8.2% |
| Median Gross Rent | $829 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pocatello is about 66% lower than in Idaho. Rent is about 28% 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 Pocatello, up about 6.2% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Pocatello rose about 39.5% between 2015 and 2023, from $594 to $829. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Pocatello.
Buying the median-priced home in Pocatello costs roughly 12.2 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 Pocatello. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Pocatello | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $121,785 | $355,887 | $242,182 |
| Median Household Income | $53,497 | $74,676 | $78,145 |
| Price-to-Income Ratio | 2.3 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pocatello rose about 33.3%, while median household income rose about 42.0% 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 | Pocatello | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.3% | 64.7% | 58.2% |
| Rental Rate | 37.1% | 24.7% | 31.3% |
| Vacancy Rate | 6.6% | 10.7% | 10.6% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Pocatello has a homeownership rate of 56.3%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 6.6%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Pocatello | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1966 | 1987 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Pocatello was built around 1966. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pocatello, Idaho.
What is the median home price in Pocatello, Idaho?
The median home price in Pocatello, Idaho is $121,785, lower than the Idaho average of $355,887.
What is the average home price in Pocatello, 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 Pocatello, Idaho?
The median gross rent in Pocatello, Idaho is $829 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Pocatello in 2020?
In 2020, the median gross rent in Pocatello, Idaho was $647 per month.
What is the price-to-rent ratio in Pocatello, Idaho?
The price-to-rent ratio in Pocatello, Idaho is about 12.2, meaning it would take roughly 12.2 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 Pocatello.
Are home prices or rent rising faster in Pocatello, Idaho?
Both home prices and rent are rising in Pocatello, up about 6.2% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pocatello, Idaho?
56.3% of households in Pocatello, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Pocatello, Idaho?
The housing vacancy rate in Pocatello, Idaho is 6.6%, lower than the Idaho average of 10.7%.