Real Estate Investing in Soda Springs, Idaho (83276)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83276 (Soda Springs, 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 vacancy: 18.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 32.4 — 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 Soda Springs, ID (83276)?
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Market Analysis: 83276 Soda Springs
ZIP 83276 in Soda Springs, ID carries a healthy set of headwinds. Home values near $339K and rents of $873/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 83276 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within ID, ZIP 83276 trails on several market indicators that neighboring Caribou County submarkets outperform. The gap is real and impressive enough to shape underwriting.
The 83276 ZIP's population of 3,993 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
The right play in 83276 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 Soda Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 83276 Compare?
| Metric | 83276 | Soda Springs | Idaho |
|---|---|---|---|
| Home Value | $339,003 | $339,003 | $465,545 |
| 5-Year CAGR | 6.0% | 6.0% | 7.2% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.0% | 2.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83276 (Soda Springs, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $339,003 |
| Monthly Rent | $873 |
| Price-to-Rent | 32.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (2.0%). 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 83276
Population: 3,993
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 83276
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
Does Soda Springs, ID make sense for an investment property?
Soda Springs, ID posts an investability rating of 3.0/5, with median home values near $339K and average rents around $873/mo. That combination puts it in the solid tier for investor interest.
What is the tenant pool like in Soda Springs, ID?
Working renters make up the core of the Soda Springs, ID tenant base. The pool is reasonable for investors targeting long-term holds.
What strategy should investors use in Soda Springs, ID?
In Soda Springs, ID the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $339K prices and $873/mo rents suits that approach.
How tight is the rental market in Soda Springs, ID?
Soda Springs, ID sees elevated vacancy, which is reasonable relative to the broader ID rental market.
Can owner-occupants cash flow in Soda Springs, ID?
House hacking in Soda Springs, ID is a challenging. With home values around $339K and rents at $873/mo, owner-occupants can offset a meaningful share of PITI.
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