Skip to Content
Idaho

Idaho population growth spurs seller’s market

home for sale
KIFI/KIDK

IDAHO FALLS, Idaho (KIFI/KIDK) - A job-seeker website, Zippia.com, says its analysis of US Census statistics indicate Idaho is the second-fastest growing state in the U.S. and that is creating a seller's housing market.

It found Idaho's population grew by 37,265 people from 2017 to 2018. That is an increase of 2.12% compared to Arizona, the fastest growing state, at 2.17%. The website also discovered that most of those moving to Idaho are relocating from California, Washington, Utah, Oregon and Arizona. The third fastest growing state is Utah, with 1.88% growth over the same time frame.

It also found that the main reason Idaho is attracting people is because of low housing costs, which is creating a seller's market across the state.

Zillow, an online real estate database company, says the median home value in Idaho is $289,989 while the median price of a home is $334,895. Home values have risen by 9.4% over the past year and Zillow predicts they will rise by 5.5% within the next year.

In comparison, a median home value in Idaho Falls is $236, 574 and the median price of homes currently listed is $245,000. Idaho Falls home values have gone up 12.6% over the past year and Zillow is predicting they will rise 5.7% within the next year.

Homes are not spending a lot of time on the market. The average time on the market is 67 days.

In the Pocatello area, home values have gone up 9.5% in the same time and Zillow predicts a 4.5% increase in the next year. Median home value is $182,249 and the median list price is $193,700. Rexburg is one of the fastest growing communities in Idaho. Median home value is $245,193 and median market price is $282,000.

You can find more specific information on the Zillow website.

Local News / News / Top Stories
Author Profile Photo

News Team

Comments

1 Comment

  1. I would recommend LOCAL News8 get their j fo from a local real estate professional rather than Zillow. Zillows’s model is to be as inaccurate as they can get away with so they can capture info and data from userw which they sell to real estate agents. Also, Idaho is a non-disclosure state so the only thing they really know is what price homes are listed for, not what they actually sell for. Zillow is not a trustworthy source of real estate info. Local agents would LOVE to provide you accurate market info.

    We all have a saying, the “a” in Zillow stands for accuracy.

Leave a Reply

Skip to content