Real Estate Investing in Downey, Idaho (83234)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83234 (Downey, ID)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Downey, ID (83234)?
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Market Analysis: 83234 Downey
The 83234 ZIP in Downey, ID is a local-operator market. Outside capital chasing a $326K entry has to pair deep knowledge with the discount.
From an investor standpoint, the numbers look inviting — $326K purchase price, 0.0% nominal cap — the work to hit that pro forma in 83234 is substantial and deserves full respect.
Statewide comparisons place 83234 among ID's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 83234 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.
Experienced landlords with local relationships tend to find 83234 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Downey:
Market Trends
Home Value History (with trend line)
📊 How Does 83234 Compare?
| Metric | 83234 | Downey | Pocatello, ID | Idaho |
|---|---|---|---|---|
| Home Value | $325,840 | $325,840 | N/A | $465,545 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.2% |
| Avg Rent | $1,179 | $1,179 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83234 (Downey, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $325,840 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +9.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 83234
Population: 1,646
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 83234
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.
Frequently Asked Questions
What are home prices like in Downey, ID?
Homes in Downey, ID typically sell near $326K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What is the renter demographic in Downey, ID?
Tenant demand in Downey, ID is solid. The local workforce $1,179/mo rents across most rental classes.
Does house hacking make sense in Downey, ID?
For house hackers, Downey, ID is a challenging. The $1,179/mo rent on a unit helps defray the mortgage on a $326K property.
Are there empty rentals in Downey, ID?
Vacancy risk in Downey, ID is elevated. That supports stable cash flow for typical rental holds.
What is it like being a landlord in Downey, ID?
Landlord-friendliness in Downey, ID is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 83234 now. You don’t know where it ranks.
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How 83234 ranks in Pocatello, ID
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