Idaho Real Estate Market Trends & Analysis

Few markets across the country have been able to keep pace with the Idaho real estate market. A vastly improved economy, in association with an influx of new residents, have elevated price gains past nearly every other state in the last year. Nonetheless, increasing home values continue to receive momentum from the decreasing supply of lower-priced inventory, increasing demand, and the purchasing power awarded to buyers by low mortgage rates.

There is very little to suggest these indicators won’t continue to push prices hugher for the foreseeable future. Despite double digit price gains over the course of 12 months, however, real estate in Idaho is still relatively affordable. Attractive prices, combined with a positive forecast, suggest the Idaho real estate market may be one of the best places to invest for the foreseeable future.

Idaho Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Escrow
Conveyance: Warranty Deed

Foreclosure Procedure

Primary Foreclosure Method: Non-Judicial
Process Period: 5 - 6 months
Notice of Sale: Trustee
Redemption Period: None

Taxes

Income Tax: 1.6% - 7.4%
Corporate Tax: 7.60%
Sales Tax: 6.00%
Estate Tax: No
Inheritance Tax: No
Median Property Tax: 0.69%
Property Taxes by County: http://www.tax-rates.org/idaho/property-tax#Counties

Average Transactional Costs

Closing Cost: $2,440.00
Transfer Fee: No Fees
Origination Fee: $1,800.00

Overview

  • Median Home Value: $270,900
  • 1-Year Appreciation Rate: +13.3%
  • Median Home Value (1-Year Forecast): +6.2%
  • Median Rent Price: $1,450
  • Price-To-Rent Ratio: 15.56
  • Average Days On Market: 50
  • Unemployment Rate: 2.9% (latest estimate by the Bureau Of Labor Statistics)
  • Population: 1,754,208 (latest estimate by the U.S. Census Bureau)
  • Median Household Income: $50,985 (latest estimate by the U.S. Census Bureau)
  • Percentage Of Vacant Homes: 12.58%
  • Foreclosure Rate: 1 in every 4,644

Idaho Foreclosure Trends & Statistics

Tax Lien Investing

  • Tax Lien or Deed: Tax Deed State
  • Interest Rate: N/A
  • Redemption Period: 3 Years (Then county takes property and sells it at auction.)

Idaho Online Tax Deed Auction

Below you will find a list of online auctions in the state of Idaho. Click on the link of the county you would like to research.