Idaho Falls, ID 83401 Real Estate Market Report

ZIP Code: 83401
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary indicator of market value is the $304,295 median sold price, which anchors recent transaction activity and suggests a slight softening in realized prices given the broader down price trajectory; this level, combined with a neutral market temperature, points to moderated pricing power and slower sales velocity that may require price sensitivity from sellers.

2. The $188 median price per square foot provides a clear valuation benchmark for underwriting and competitive pricing; compared to the reported median sold price, this metric may indicate pockets of pricing friction across SFR and condominium stock and suggests sellers should align asking strategies with recent per-square-foot realized comps.

3. The $1,250 median market rent and an up rent year-over-year trend support continued investor interest and cash-flow considerations, meaning rental demand could underwrite downside risk in prices and provide a buyer pool for long-term hold strategies.

4. The market faces elevated interest rate pressure, and with prices trending down while market temperature remains neutral, expect slower transaction volume and a more balanced or buyer-leaning negotiation dynamic; agents and sellers should prioritize realistic pricing, transparent condition disclosures, and targeted marketing to maintain liquidity.

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Notable Properties

The following 4 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.