Idaho Housing Market: Home Prices, Rent and Affordability
The typical Idaho home is worth $478,744, up 2.0% over the past year and up 6.2% over five years, 29.8% above the national $368,697 (latest release). That ranks #12 of 50 on price. A 20%-down mortgage runs $2,463 a month and takes about $118,073 of income; the median Idaho household earns $81,166, $36,907 short.
In Boise City, the state's largest metro, typical rent is $1,919 a month against a $2,539 principal-and-interest payment on the typical home, so renting is $620 a month cheaper before taxes, insurance and maintenance. The market is warm: 27.6% of listings cut their price (national 26.4%), homes go pending in 51 days (national 53), and for-sale inventory is down 5.0% from a year ago.
All housing figures are the latest published numbers for August; median household income is from the Census Bureau.
Idaho Housing by the Numbers
How much does a house cost in Idaho? The typical home is worth $478,744, the median sale price is $491,600 and the median list price $569,967. The six figures below describe the market this month, each with the national comparison.
- Typical home
- $478,744
- #12 priciest · national $369K
- Mortgage payment
- $2,463/mo
- P&I, 20% down · national $1,897
- Income needed
- $118K
- median earns $81K (+46%)
- Rent, Boise City
- $1,919/mo
- +6.3% in 1 yr · national $1,948
- Price cuts
- 27.6%
- of listings · national 26.4%
- Days to pending
- 51
- national 53 · 10,139 for sale (-5.0%)
How Have Idaho Home Prices Changed?
The typical Idaho home value every month since 2000, with the national typical home as a dashed line. Values rose 2.0% over the past year, are up 6.2% over five years, up 128.9% over ten, and up 281% since January 2000.
- Peak
- $503,862
- June 2022 · now -5.0%
- 10-year change
- +128.9%
- national +77.9%
- Median sale price
- $491,600
- list price $569,967
- Payment, 1-yr change
- +2.8%
- Rates and prices combined
Is It Cheaper to Rent or Buy in Idaho?
Two direct answers from the data. Rent versus buy sets typical asking rent in Boise City, the state's largest metro, against the mortgage payment on the typical home there, since rent indexes are published by metro rather than by state. The affordability gap is the income needed to buy the typical Idaho home minus what the median household actually earns.
Rent vs. buy · Boise City, ID
Renting is $620/month cheaper
The payment excludes property tax (0.56% of value in Idaho), insurance and maintenance, all of which push the cost of owning higher; renting builds no equity. If values kept rising at the past five years' pace (6.2%), equity would narrow that gap over a long stay.
Affordability gap · #41 of 50
The median household is $36,907 short of the income needed
A $2,463 monthly payment takes 36.4% of the median Idaho household's income before property tax and insurance; lenders generally cap total housing costs near 28–31%.
Full budget for your household →Is Idaho a Buyer's or a Seller's Market?
Market temperature is our label from three market signals compared with the national market: the share of listings with a price cut, days from listing to pending (days on market), and whether homes for sale are up from a year ago. Idaho is warm: it slightly favors sellers: one of the three market signals points cooler than the national market.
Median sale price $491,600 against a median list price of $569,967, so the typical home closes 13.7% below asking.
Where the Idaho market is heading
Compared with a year ago, two of the three signals point tighter, in sellers' favor: the share of listings with a price cut is down 1.9 points from a year ago to 27.6%, homes take the same 51 days to go pending as a year ago, and the number of homes for sale is down 5.0%. The typical home value rose 2.0% over the same period and is 5.0% below its June 2022 peak of $503,862. We publish no forecasts: these are the current-month readings, not a prediction of where Idaho home prices go next.
Home Values and Rents in Idaho Cities
A city-level home value or rent is available for 19 of the Idaho cities we track. The most expensive is Eagle ($792,638) and the cheapest Pocatello ($343,159). Click a city for its full profile.
| City | Population | Home value | 1 yr | 5 yr | Rent | Rent 1 yr | Value ÷ income |
|---|---|---|---|---|---|---|---|
| Meridian | 130,138 | $535,976 | +0.9% | ||||
| Nampa | 110,319 | $415,249 | +1.5% | ||||
| Idaho Falls | 67,725 | $395,714 | +1.4% | ||||
| Caldwell | 66,516 | $399,412 | +1.2% | ||||
| Pocatello | 57,635 | $343,159 | +1.6% | ||||
| Coeur d'Alene | 56,447 | $607,048 | +3.1% | ||||
| Twin Falls | 54,164 | $372,848 | +3.3% | ||||
| Post Falls | 43,391 | $534,582 | +2.7% | ||||
| Rexburg | 40,543 | $431,088 | +5.3% | ||||
| Lewiston | 34,651 | $390,770 | +2.1% | ||||
| Eagle | 32,855 | $792,638 | 0.0% | ||||
| Kuna | 27,158 | $458,461 | +0.5% | ||||
| Moscow | 26,286 | $480,589 | -0.1% | ||||
| Ammon | 19,064 | $418,250 | +1.7% | ||||
| Mountain Home | 16,493 | $361,184 | +1.7% | ||||
| Hayden | 16,338 | $646,915 | +2.6% | ||||
| Chubbuck | 16,126 | $385,513 | +1.5% | ||||
| Star | 14,745 | $579,749 | -0.4% | ||||
| Jerome | 12,930 | $407,761 | +3.5% |
Home value and rent are city-level indexes; population and median household income are Census ACS. Cities without a published index are omitted.
All Idaho cities ranked →How Idaho Compares With Nearby States
The West states closest to Idaho on price. Each card links to that state's housing page; the compare link puts the two states side by side on every category.
More on Idaho
Idaho dashboard
Overall rank and grade, every category score, taxes, utilities, safety, schools and all tracked cities.
What you'd keep in Idaho
Take-home after housing, taxes, childcare, utilities and groceries for your household and income.
Who is moving to Idaho
IRS migration data: where new residents come from, where leavers go, and what both groups earn.
Idaho Housing Market FAQ
What is the average house price in Idaho?
$478,744 is the typical Idaho home value according to the latest release of the home value index, which tracks homes in the middle third of the market. The median sale price was $491,600 and the median list price $569,967. That makes Idaho the #12 most expensive state; the national typical home is worth $368,697.
Are home prices dropping in Idaho?
No. The typical Idaho home value rose 2.0% over the past year, though it remains 5.0% below its June 2022 peak of $503,862. Over five years it is up 6.2% and over ten years up 128.9%. Nationally, values rose 1.2% over the year.
How have Idaho home prices changed over the past 1, 5 and 10 years?
+2.0% over one year, +6.2% over five years and +128.9% over ten years for the typical Idaho home value, per the latest release; the national figures are +1.2%, +20.3% and +77.9%. Since January 2000 the typical Idaho home is up 281%. The monthly chart above shows the full series against the national line.
Will the Idaho housing market crash?
We publish no forecasts, so this page cannot answer that; it can show the current readings and the historical worst case. Right now the typical Idaho home value is 5.0% below its June 2022 peak of $503,862 after it rose 2.0% over the past year; 27.6% of listings have cut their price (national 26.4%), homes go pending in 51 days (national 53), and inventory is down 5.0% from a year ago, per Zillow Research. The largest decline in the monthly value series for Idaho was 29.6% from March 2008 to January 2012, and values took 55 months to regain that peak.
Is it a good time to buy a house in Idaho?
The Idaho market is warm right now, which means it slightly favors sellers: one of the three market signals points cooler than the national market. 27.6% of listings cut their price (national 26.4%), homes go pending in 51 days (national 53), and for-sale inventory is down 5.0% from a year ago. Affordability is the constraint: buying the typical home takes $118,073 of income, $36,907 more than the median household earns. Whether the timing is right also depends on mortgage rates and how long you plan to stay.
Is Idaho a buyer's or seller's market?
Idaho leans toward sellers. More listings are cutting prices than the national average (27.6% vs. 26.4%), homes take 51 days to go pending (national 53), and the number of homes for sale is down 5.0% from a year ago at 10K listings. One of those three signals points toward buyers.
What is the average rent in Idaho?
In Boise City, Idaho's largest metro, the typical asking rent is $1,919 a month, up 6.3% over the past year and up 17.0% over five years, per the rent index. The national typical rent is $1,948. Among Idaho cities we track, rents range from $1,074 to $2,419 a month.
Is it cheaper to rent or buy in Idaho?
Renting is cheaper month to month in Boise City, Idaho's largest metro. Typical rent is $1,919 and the principal-and-interest payment on the typical home with 20% down is $2,539, a difference of $620 a month in favor of renting. The payment excludes property tax (0.56% of value in Idaho), insurance and maintenance, and renting builds no equity, so the full answer depends on how long you stay.
How much income do you need to buy a house in Idaho?
About $118,073 a year, using the standard assumptions of 20% down at current mortgage rates and a payment of no more than 30% of income. The median Idaho household earns $81,166, so the typical household is $36,907 short. That is the #41 smallest affordability gap of the 50 states. The monthly payment of $2,463 equals 36.4% of the median household's income.
Where are homes cheapest and most expensive in Idaho?
Among the Idaho cities we track with a published home value, the most expensive typical home is in Eagle ($792,638) and the cheapest in Pocatello ($343,159). Also at the top: Hayden ($646,915), Coeur d'Alene ($607,048), and Star ($579,749). The city table above lists every tracked Idaho city with its value, one-year change and rent.
How does Idaho compare with nearby states?
In the West, the closest comparisons on price are Montana ($471,746, up 2.0% in a year), Oregon ($496,113, down 0.1% in a year), and Nevada ($442,027, down 1.8% in a year). Idaho's typical home is $478,744, up 2.0%. On affordability, Idaho ranks #41 of 50 versus Montana at #44, Oregon at #42, and Nevada at #35.
How current is the Idaho housing data?
Every figure on this page comes from Zillow Research, which publishes state, metro and city data free each month for the prior month; the latest month shown is August. Median household income is from the Census Bureau's American Community Survey. We rebuild the page from the newest Zillow files as they are released.
Home values, rents, mortgage payments, income needed, inventory, price cuts, days to pending and sale and list prices are published by Zillow Research and shown as released, with attribution. Median household income and city populations are from the Census Bureau's American Community Survey. Home prices and housing markets in all 50 states →