Real Estate Investing in Franklin, Idaho (83237)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83237 (Franklin, 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 30.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Franklin, ID (83237)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 83237 Franklin
ZIP 83237 in Franklin, ID carries a robust set of headwinds. Home values near $429K and rents of $1,188/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 83237 can be a a solid fit for hunting ground — but the discount at $429K reflects genuine risk that outside investors often underestimate.
Regionally, 83237 sits on the difficult end of the ID spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 83237 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 83237 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 Franklin:
Property Strategy for 83237
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $358,514 | $1,840 | 3.7% | +6.8% | $119,505 |
| 4BR | $467,611 | $2,210 | 3.4% | — | $116,903 |
Market Trends
Home Value History (with trend line)
📊 How Does 83237 Compare?
| Metric | 83237 | Franklin | Logan, UT-ID | Idaho |
|---|---|---|---|---|
| Home Value | $428,504 | $428,504 | N/A | $465,545 |
| 5-Year CAGR | 2.1% | 2.1% | N/A | 7.2% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 83237 (Franklin, ID). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 83237 (Franklin, ID)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $428,504 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 30.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.2%). 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 83237
Population: 1,373
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
Frequently Asked Questions
What monthly rent should investors expect in Franklin, ID?
Franklin, ID rentals go for roughly $1,188/mo a month. That puts gross yield in solid territory relative to $429K acquisition costs.
Are renters plentiful in Franklin, ID?
Expect a solid tenant pool in Franklin, ID. The rental market absorbs $1,188/mo rents without meaningful friction.
Are homes affordable in Franklin, ID?
Expect median prices around $429K in Franklin, ID. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Is Franklin, ID landlord-friendly?
The landlord environment in Franklin, ID is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How strong is Franklin, ID for real estate investors?
Investors tracking Franklin, ID will find a 3.0/5 rating supported by $429K median home values and $1,188/mo rents. That profile suits long-term holders targeting stable returns.
You know 83237 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 83237 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 83237 ranks in Logan, UT-ID
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 83237 (Franklin)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 83237 (Franklin, ID).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.