With the rise in the population of the city as well as the increasing rates of employment, theIdaho Falls real estate market has been on a steady rise for the past decade.
When combined with the fact that Idaho is quickly establishing itself as a technological hub of the country, it makes people from all over the United States gravitate towards Idaho Falls as a place for residence and future employment prospects.
Currently, the median price of a home for sale in Idaho Falls is close to $200,000, which represents an increase of almost 15 percent in one year. According to some estimates, these prices will rise by 2 percent within this year and by 11 percent in the coming year.
The current housing trends suggest that there will be an incremental increase in the housing prices in the city as compared to some of the other cities in the State of Idaho.
The appreciation rates of Idaho Falls eal estate have been the highest in the United States even with the devastating economic impact of the pandemic. At a little more than 9 percent, these rates are among the top 20 percent in the entire country. The price increase in the rates of homes for sale in Idaho Falls has been beneficial for short-term investors. You can buy a property in the city at an affordable rate and resell it at a significant profit margin. It is a good investment opportunity for people who want to conduct a relatively hands-off business.