Real Estate Investing in Pocatello, Idaho (83204)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83204 (Pocatello, ID)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 29.2 — hard to cash-flow at these prices.
What’s happening in Pocatello, ID (83204)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 83204 Pocatello
The 83204 ZIP covers a section of Pocatello that demands careful diligence. Prices near $336K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 83204 can be a worth a close look for hunting ground — but the discount at $336K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 83204 among ID's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 83204 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 83204 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Pocatello:
Property Strategy for 83204
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $165,950 | $790 | 3.4% | +7.8% | $165,950 |
| 2BR | $225,035 | $1,030 | 3.3% | +10.0% | $112,517 |
| 3BR | $312,799 | $1,440 | 3.3% | +8.3% | $104,266 |
| 4BR | $361,078 | $1,720 | 3.4% | +7.9% | $90,269 |
| 5BR | $481,152 | — | — | +7.5% | $96,230 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 83204 Compare?
| Metric | 83204 | Pocatello | Pocatello, ID | Idaho |
|---|---|---|---|---|
| Home Value | $336,433 | $135,330 | N/A | $465,545 |
| 5-Year CAGR | 4.7% | 5.1% | N/A | 7.2% |
| Avg Rent | $961 | $1,036 | N/A | - |
| Cap Rate | 2.2% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83204 (Pocatello, ID). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 83204 (Pocatello, ID)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $336,433 |
| Monthly Rent | $961 |
| Price-to-Rent | 29.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 Rent Trends
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 83204
Population: 18,400
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 83204
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,960 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How high is vacancy risk in Pocatello, ID?
Pocatello, ID sees elevated vacancy, which is reasonable relative to the broader ID rental market.
Is house hacking profitable in Pocatello, ID?
The a challenging house-hack environment in Pocatello, ID reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are tenants stable in Pocatello, ID?
Expect a solid tenant pool in Pocatello, ID. The rental market absorbs $961/mo rents without meaningful friction.
Is Pocatello, ID landlord-friendly?
Landlord-friendliness in Pocatello, ID is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are homes affordable in Pocatello, ID?
Expect median prices around $336K in Pocatello, ID. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
You know 83204 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 83204 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 83204 ranks in Pocatello, ID
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 83204 (Pocatello)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 83204 (Pocatello, ID).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.