Home Values in Idaho Falls, Idaho — 2026 Market Report
Updated March 2026 | Balanced Market | +6.5% YoY
The median home value in Idaho Falls, Idaho is $315,000 as of March 2026, which is below the national median of $400,000. Home values in Idaho Falls have increased by 6.5% over the past year and 37% over the last five years. With a population of 65,957 and a median household income of $52,250, the price-to-income ratio stands at 6.0x, making Idaho Falls affordable for the average household.
Idaho Falls Housing Market Conditions
| Metric | Idaho Falls | National Avg |
|---|---|---|
| Median Home Value | $315,000 | $400,000 |
| YoY Appreciation | +6.5% | +3.8% |
| 5-Year Appreciation | +37% | +22.4% |
| Price per Sq Ft | $117 | $222 |
| Days on Market | 34 days | 45 days |
| Months of Supply | 4.5 | 3.5 |
| List-to-Sale Ratio | 101.4% | 98.5% |
| Monthly Homes Sold | 56 | — |
| Foreclosure Rate | 0.62% | 0.3% |
Home Value Trends in Idaho Falls
A homeowner who purchased at the median price of $229,927 five years ago in Idaho Falls would have gained approximately $85,073 in equity, representing a 37% return on investment. Over the past year alone, the typical homeowner gained $19,225 in home equity.
Affordability in Idaho Falls, ID
With a median household income of $52,250 and a median home price of $315,000, the price-to-income ratio in Idaho Falls is 6.0x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,865 compared to estimated monthly ownership costs of $1,677 gives a rent-vs-buy ratio of 0.90. In Idaho Falls, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Idaho Falls
The effective property tax rate in Idaho is 0.69%. On a home valued at $315,000, the estimated annual property tax bill is $2,173, or approximately $181/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Idaho Falls is 90.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Idaho Falls, ID?
The median home value in Idaho Falls, Idaho is $315,000 as of March 2026. Home values have changed +6.5% over the past year, with a 5-year appreciation of 37%.
Is Idaho Falls a buyer's or seller's market?
Idaho Falls is currently a balanced market with 4.5 months of housing supply. Homes spend an average of 34 days on market, and the list-to-sale price ratio is 101.4%. Supply and demand are relatively balanced.
Are home values going up in Idaho Falls?
Yes, home values in Idaho Falls have increased by 6.5% over the past year. The 5-year appreciation rate is 37%, meaning a home worth $229,927 five years ago is now worth $315,000.
Is it better to rent or buy in Idaho Falls?
The average monthly rent in Idaho Falls is $1,865, while estimated monthly homeownership costs are approximately $1,677. The price-to-rent ratio is 14.1. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Idaho Falls, Idaho is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.