Idaho Falls Home Prices: $377K, Up 1.1% — 4 ZIPs Analyzed (2026)
$376,761. That’s what a typical home costs in Idaho Falls right now. Prices are up 1.1% from a year ago — modest growth, but growth nonetheless in a market that spent much of 2025 flat.
Quick answer: The average home price in Idaho Falls, ID is $376,761 as of February 2026, up 1.1% year over year according to Zillow.
Current Home Prices in Idaho Falls
Here’s where Idaho Falls stands as of February 2026:
| Metric | Value |
|---|---|
| Median Home Price | $376,761 |
| Year-over-Year Change | +1.1% |
| Lowest ZIP Median | $342,702 |
| Highest ZIP Median | $406,121 |
| ZIP Codes Tracked | 4 |
That 1.1% annual gain translates to roughly $4,100 in equity over the past year. Not a windfall, but homeowners aren’t losing money either.
The gap between the cheapest and most expensive ZIP codes is about $63,400. For a mid-sized Idaho city, that’s a meaningful spread. Where you buy within Idaho Falls matters — the priciest neighborhood costs 19% more than the most affordable one.
For context, Idaho Falls sits well below the Boise metro’s price points. Buyers priced out of the Treasure Valley have been eyeing eastern Idaho, and the data suggests they haven’t pushed prices up dramatically — at least not yet.
Idaho Falls Home Prices by Neighborhood
Four ZIP codes make up the Idaho Falls housing market. Here’s how they compare:
| ZIP Code | Median Home Value | vs. City Average | Median Rent |
|---|---|---|---|
| 83404 | $406,121 | +7.8% | $1,460 |
| 83401 | $399,822 | +6.1% | $1,307 |
| 83402 | $358,398 | -4.9% | $1,297 |
| 83454 | $342,702 | -9.0% | Data not available |
Most Expensive
83404 tops the list at $406,121 — the only ZIP breaking the $400K mark and carrying the highest rents in the city at $1,460 per month. 83401 follows closely at $399,822, though rents there are notably lower at $1,307, which may signal better value for investors.
Most Affordable
83454 is the clear budget pick at $342,702, roughly $34,000 below the city median. Rent data isn’t available for this ZIP, which may reflect a smaller rental market. 83402 comes in at $358,398 with the lowest tracked rent at $1,297 — a solid option for buyers who want to stay closer to the city core without paying top dollar.
Rent vs Buy in Idaho Falls
Three of the four ZIP codes have rent data. Here’s the math.
| ZIP Code | Monthly Rent | Est. Mortgage (6.5%, 20% down) |
|---|---|---|
| 83404 | $1,460 | $2,060 |
| 83401 | $1,307 | $2,028 |
| 83402 | $1,297 | $1,813 |
The mortgage estimates assume a 20% down payment at 6.5% interest on a 30-year fixed loan, covering principal and interest only — no taxes or insurance.
Renting is cheaper across the board. The gap ranges from about $500 to $720 per month depending on the ZIP. On the median-priced home of $376,761, you’d pay roughly $1,905 per month in principal and interest alone versus a citywide median rent of about $1,355.
That $550 monthly difference adds up to $6,600 per year. Buying still builds equity, and with prices ticking up 1.1% annually, homeowners gained roughly $4,100 in home value over the past year. The math favors renting in the short term, but buyers with a five-year horizon start to close the gap through appreciation and principal paydown.
Population Growth and Migration
Idaho Falls added about 3,600 residents between 2020 and 2024. That’s 5.5% growth in four years.
| Year | Population |
|---|---|
| 2020 | 65,929 |
| 2021 | 67,192 |
| 2022 | 67,852 |
| 2023 | 68,072 |
| 2024 | 69,523 |
Growth was front-loaded. The city gained 1,263 people in 2021 alone, then slowed to 660 in 2022 and just 220 in 2023. The 2024 jump of 1,451 suggests a second wave.
How does Idaho Falls compare to other Idaho cities?
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| Meridian | 139,740 | +16.9% |
| Caldwell | 73,088 | +20.3% |
| Nampa | 117,350 | +15.7% |
| Twin Falls | 55,589 | +6.7% |
| Idaho Falls | 69,523 | +5.5% |
| Coeur d’Alene | 57,355 | +4.4% |
Idaho Falls is growing, but slowly compared to the Boise-area boom towns. Caldwell, Meridian, and Nampa are all expanding three to four times faster. That slower growth is one reason Idaho Falls prices remain moderate — demand isn’t overwhelming supply the way it is out west.
Still, a growing population means steady housing demand. The 2024 acceleration is worth watching.
Idaho Falls Housing Market Trends
Here’s the month-by-month picture over the past year:
| Month | Average Value | Low ZIP | High ZIP |
|---|---|---|---|
| Mar 2025 | $372,821 | $335,870 | $403,788 |
| Apr 2025 | $372,441 | $336,437 | $402,613 |
| May 2025 | $371,581 | $336,565 | $400,918 |
| Jun 2025 | $370,637 | $337,004 | $399,143 |
| Jul 2025 | $369,747 | $337,583 | $397,815 |
| Aug 2025 | $369,402 | $338,244 | $397,386 |
| Sep 2025 | $369,844 | $338,748 | $398,125 |
| Oct 2025 | $370,778 | $338,981 | $399,465 |
| Nov 2025 | $372,315 | $340,020 | $401,207 |
| Dec 2025 | $374,119 | $341,215 | $403,244 |
| Jan 2026 | $375,888 | $342,588 | $405,139 |
| Feb 2026 | $376,761 | $342,702 | $406,121 |
The trend tells a clear story. Prices dipped from March through August 2025, hitting a floor of $369,402 in August. Then they reversed. Six straight months of gains brought the market back above its spring 2025 levels.
The low-end ZIPs followed the same pattern but with a tighter range — the cheapest areas only dropped about $2,400 from peak to trough, while the most expensive ZIPs swung nearly $6,400.
Is Idaho Falls a Good Place to Buy in 2026?
The numbers point to a stable market with a slight upward lean.
At $377K, Idaho Falls is affordable by Idaho standards. Boise buyers regularly pay well above $400K. The 1.1% annual appreciation won’t make anyone rich, but it means you’re unlikely to buy at a peak and watch your equity vanish.
The six-month upward trend is encouraging for buyers who worry about catching a falling knife. Prices bottomed in August 2025 and have climbed every month since. That’s not a speculative spike — it’s slow, steady recovery.
For renters weighing a purchase: you’ll pay more monthly, but you’re locking in a price in a market that’s gently rising. If you plan to stay five or more years, the math tilts toward buying.
Investors should note the rent-to-price ratio. At roughly $1,355 in rent on a $377K property, the gross yield sits around 4.3%. That’s thin for a rental play unless you’re betting on appreciation.
Idaho Falls Housing Market Outlook for 2026-2027
The six-month upward trend from August 2025 through February 2026 shows prices gaining about $1,200 per month on average. If that pace continues, Idaho Falls could reach the $383K–$385K range by mid-2026.
The 12-month trend suggests the spring 2025 dip was seasonal, not structural. Prices fell roughly $3,400 from March to August, then recovered all of that and more by February. The same seasonal dip could repeat in mid-2026, but the underlying direction is upward.
Don’t expect a surge. Idaho Falls isn’t experiencing the population boom that’s driving Boise-area prices. The 1.1% annual pace is a reasonable baseline for the next 12 months. A meaningful acceleration would require either a spike in migration or a significant drop in mortgage rates.
Similar Markets in ID
If you’re considering Idaho Falls, these other Idaho markets are worth a look:
- Boise — The state’s largest city and a common comparison point. Expect higher prices but more inventory and amenities.
- Nampa — Growing 15.7% since 2020, Nampa offers Boise-adjacent living at a different price point. Worth comparing if you’re open to the Treasure Valley.
Frequently Asked Questions
What is the average home price in Idaho Falls?
The average home price in Idaho Falls is $376,761 as of February 2026. This figure represents the Zillow Home Value Index across all four tracked ZIP codes in the city. Prices range from $342,702 in the 83454 ZIP to $406,121 in 83404.
Are home prices going up or down in Idaho Falls?
Prices are up 1.1% year over year. After a mild dip during spring and summer 2025, values have increased for six consecutive months. The February 2026 median is the highest reading in the past 12 months.
Is it cheaper to rent or buy in Idaho Falls?
Renting is cheaper on a monthly basis. The typical rent across tracked ZIP codes averages roughly $1,355 per month, while a mortgage on the median-priced home would run about $1,905 in principal and interest at 6.5% with 20% down. That’s a gap of $550 per month before taxes and insurance.
What is the most affordable neighborhood in Idaho Falls?
ZIP code 83454 has the lowest median home value at $342,702 — about $34,000 below the city average. The next most affordable option is 83402 at $358,398, which also has the lowest tracked rent at $1,297 per month.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.