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.
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.- Boise, ID - July