Real Estate Investing in Grace, Idaho (83241)
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Should you buy in 83241 (Grace, ID)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 27.7 — 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 Grace, ID (83241)?
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Market Analysis: 83241 Grace
The 83241 ZIP in Grace, ID is a local-operator market. Outside capital chasing a $356K entry has to pair deep knowledge with the discount.
For an experienced owner, 83241 can be a a credible choice for hunting ground — but the discount at $356K reflects genuine risk that outside investors often underestimate.
In the broader ID picture, 83241 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 83241 ZIP's population of 2,385 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Experienced landlords with local relationships tend to find 83241 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 Grace:
Market Trends
Home Value History (with trend line)
📊 How Does 83241 Compare?
| Metric | 83241 | Grace | Logan, UT-ID | Idaho |
|---|---|---|---|---|
| Home Value | $356,030 | $356,030 | N/A | $465,545 |
| 5-Year CAGR | N/A | N/A | N/A | 7.2% |
| Avg Rent | $1,071 | $1,071 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83241 (Grace, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $356,030 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 27.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (2.4%). 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 83241
Population: 2,385
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 83241
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 is the average home sale price in Grace, ID?
Grace, ID median home values land near $356K. That is reasonable territory for investors looking at $1,071/mo-per-month rentals.
What is the tenant pool like in Grace, ID?
Grace, ID draws a stable base of working renters. Demand at the $1,071/mo rent level is reasonable for standard single-family and small multi rentals.
What is the typical rental rate in Grace, ID?
Rent in Grace, ID is around $1,071/mo. The resulting rent-to-value relationship with $356K pricing is reasonable for most investor models.
Is Grace, ID landlord-friendly?
Landlord-friendliness in Grace, ID is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How should investors approach Grace, ID?
A careful cash-flow rentals with hands-on management strategy Grace, ID best. The market produces even-keeled results for that approach at the $356K price point.
You know 83241 now. You don’t know where it ranks.
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How 83241 ranks in Logan, UT-ID
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