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These days, finding an affordable place to live in the Idaho area can be challenging. Home prices in Idaho are now at a median cost of $450,170, higher than the the United States average of $419,293.
The average cost of rent is $1,407/mo in Idaho, primarily driven by the current value of real estate in the Idaho area. In Idaho, 27.86% of households rent, and 38.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Idaho is $7,050 per month. Households that rent pay about 19.96% of their income on rent here. Idaho’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
States with Similar Populations
- Alaska: less expensive homes
- Wisconsin: less expensive homes
- Washington: higher priced homes
- Vermont: less expensive homes
- Texas: less expensive homes
- South Dakota: less expensive homes
- Rhode Island: equally priced homes
- Puerto Rico: less expensive homes
- Oregon: higher priced homes
- New Mexico: less expensive homes
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