The Most Affordable Neighborhoods in Terreton, ID by Home Value

These days, finding an affordable place to live in the Terreton area can be challenging. Home prices in Terreton are now at a median cost of $206,365, lower than the Idaho average of $450,170.

The average cost of rent is $1,043/mo in Terreton, primarily driven by the current value of real estate in the Terreton area. In Terreton, 39.32% of households rent, and 52.37% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Terreton is $6,010 per month. Households that rent pay about 17.36% of their income on rent here. Terreton’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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