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 | Post Falls | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $408,621 | $355,887 | $242,182 |
| Price Trend (Annual %) | 21.0% | 14.8% | 8.2% |
| Median Gross Rent | $1,330 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 5.5% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Post Falls is about 15% higher than in Idaho. Rent is about 16% higher 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 Post Falls, up about 21.0% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Post Falls rose about 62.8% between 2015 and 2023, from $817 to $1,330. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Post Falls.
Buying the median-priced home in Post Falls costs roughly 25.6 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 Post Falls. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Post Falls | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $408,621 | $355,887 | $242,182 |
| Median Household Income | $74,025 | $74,676 | $78,145 |
| Price-to-Income Ratio | 5.5 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Post Falls rose about 143.3%, while median household income rose about 57.3% 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 | Post Falls | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.6% | 64.7% | 58.2% |
| Rental Rate | 31.5% | 24.7% | 31.3% |
| Vacancy Rate | 4.9% | 10.7% | 10.6% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Post Falls has a homeownership rate of 63.6%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 4.9%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Post Falls | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1999 | 1987 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Post Falls was built around 1999. On average, 2.8 people live in a home with about 5.7 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Post Falls, Idaho.
What is the median home price in Post Falls, Idaho?
The median home price in Post Falls, Idaho is $408,621, higher than the Idaho average of $355,887.
What is the average home price in Post Falls, 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 Post Falls, Idaho?
The median gross rent in Post Falls, Idaho is $1,330 per month, higher than the Idaho average of $1,150.
What was the median gross rent in Post Falls in 2020?
In 2020, the median gross rent in Post Falls, Idaho was $1,079 per month.
What is the price-to-rent ratio in Post Falls, Idaho?
The price-to-rent ratio in Post Falls, Idaho is about 25.6, meaning it would take roughly 25.6 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 Post Falls.
Are home prices or rent rising faster in Post Falls, Idaho?
Both home prices and rent are rising in Post Falls, up about 21.0% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Post Falls, Idaho?
63.6% of households in Post Falls, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Post Falls, Idaho?
The housing vacancy rate in Post Falls, Idaho is 4.9%, lower than the Idaho average of 10.7%.