Idaho ranked in another top 10 house price list. Here are our priciest ZIP codes
Idahoans have felt the sting of rising housing prices over the past decade, especially in the Treasure Valley, where available homes are decreasing and prices are increasing.
A new report from real estate website Agent Advice ranks Idaho among the top 10 states for median home values. Other Western states, such as California, Washington and Oregon, are also in the top 10.
“The U.S. housing market is estimated to be worth $43.4 trillion in 2023,” Agent Advice co-founder Chris Heller said in a news release. “To take advantage of this, both consumers and agents alike must understand the ever-changing nature of the real estate market.”
Where does Idaho rank nationwide?
Agent Advice analyzed home price data from every U.S. state between March 2021 and March 2023. It claims that these states are the 10 most expensive for homebuyers:
Hawaii – $834,583
California – $728,134
Washington – $562,936
Massachusetts – $558,313
Colorado – $539,640
Utah – $506,072
Oregon – $485,475
New Jersey – $451,559
Idaho – $435,374
New Hampshire – $429,421
For those looking to move to the Pacific Northwest, Idaho may be their best bet; the Gem State ranks ninth nationwide but remains behind Washington and Oregon.
But Idaho isn’t exactly cheap. The study from Agent Advice found that the national average for a house in March 2023 was $338,649, and the Gem State was 28.5% above that.
With such expensive housing prices, it’s no surprise that the personal finance website Moneywise also ranked the Gem State as the eighth-worst state for first-time home buyers.
Using data from Zillow and housing prices from April 2023, Moneywise found that the average down payment on a house in Idaho was $60,636.
Which Idaho ZIP codes have the most expensive houses?
Agent Advice’s data analyzes housing prices across the state, meaning it factors in prices from some of Idaho’s cheapest areas, such as Kellogg in North Idaho, to the multimillion-dollar houses in Ketchum.
The following graph uses housing data from Zillow to determine the average price of a house by ZIP code in the Treasure Valley. You can zoom in and find the average price for your ZIP code by hovering your mouse over the map.
The Treasure Valley’s most expensive homes are found in some of Boise’s primary ZIP codes and have average house prices thousands of dollars above the state average. ZIP code 83712 leads the way with an average property price of $747,626, while ZIP code 83702 is just behind at $720,511.
Outside of Boise, ZIP code 83669 in Star has an average home value of $567,480, while ZIP code 83714 in Garden City is just behind at $541,810.
If you’re searching for the most expensive properties in Idaho, the ski resort town of Ketchum is your best bet. Online lender CashNetUSA recently performed a study that found Ketchum to have the priciest houses in the state, averaging a price of $4.6 million.
Need help buying a house in Boise?
With such exorbitant prices, it may seem daunting for many potential homeowners to find a place to call their own. But resources are available, such as the city of Boise’s A Home for Everyone program.
Programs to help residents get a roof over their heads include:
Rental housing - The city of Boise offers apartment and single-family homes for rent to those with qualifying incomes. Many of the units are located near transportation corridors and activity centers.
Our Path Home - This city of Boise-led program finds housing for people experiencing homelessness, and it aims to prevent future homelessness. Our Path Home has opened apartments around Boise, such as the 27-unit Valor Pointe complex.
U.S. Housing and Urban Development - HUD provides loans and funding that help low-income homeowners make repairs to their property to ensure they are safe and sanitary. The department also focuses on larger projects, such as building mixed-income apartment complexes and housing developments.
A Home for Everyone also has an interactive dashboard detailing Boise’s housing issues, such as the number of houses that Boise needs to prevent homelessness and the city’s housing goals by 2027.
