The city of Idaho falls is a hidden gem tucked away in the southeast corner of Idaho. Sitting at the edge of a large agricultural area on the Snake River Plain, the city serves as a gateway to the Grand Tetons and world-renowned Yellowstone National Park.
This small city is no stranger to the “best places to live” lists. It has been ranked as one of top small cities to move to in the United States, and boasts some of best outdoor recreation on the planet.
The city has seen steady population growth (58,292) over the last decade, which can be attributed to a number of positive social and economic factors, including:
- 4.5% unemployment rate (25% below national average)
- Increase in per capita income (12.89%)
- Cost of housing (27% below national average)
- Cost of living (11.9% below national average)
- Low crime rates (7% below national average)
- Positive job growth (up 1.74%)
The Idaho Falls real estate market has seen a steady improvement since the economic recession. In 2015, the average home value rose 5.8%, while housing remained very affordable – the median home price in 2015 was $129,800.
Despite favorable conditions for the homeowner, things are still looking good for people in the market for rental properties as well, with the average rental price hovering right around $710/month. Today, 1 in 3 people living in Idaho Falls are renters.
With positive job growth, increased affordability and rising home values expected over the next 12 months, the positive trend looks set to continue.
Want to find out more?
The infographic below takes a closer look at the numbers surrounding housing, employment, crime, cost of living and education in Idaho Falls.
