Real Estate Investing in Hagerman, Idaho (83332)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83332 (Hagerman, 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: 19.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 33.0 — 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 Hagerman, ID (83332)?
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Market Analysis: 83332 Hagerman
This part of Gooding County is not an easy win. The 83332 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,044/mo on a $413K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 83332 sits below the stated 0.0% once reality is priced in.
ZIP 83332's metrics run below Gooding County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 83332 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.
Distressed ZIPs reward experience. solid returns are possible in 83332, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Hagerman:
Property Strategy for 83332
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $299,369 | $1,160 | 2.8% | +8.4% | $149,684 |
| 3BR | $427,984 | $1,630 | 2.7% | +9.3% | $142,661 |
| 4BR | $516,044 | $1,950 | 2.7% | — | $129,011 |
Market Trends
Home Value History (with trend line)
📊 How Does 83332 Compare?
| Metric | 83332 | Hagerman | Twin Falls, ID | Idaho |
|---|---|---|---|---|
| Home Value | $412,903 | $412,903 | N/A | $465,545 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 7.2% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| 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 83332 (Hagerman, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $412,903 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 33.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 83332
Population: 2,608
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 83332
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
Is Hagerman, ID better for rentals, flips, or BRRRR?
The best-fit strategy in Hagerman, ID is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are homes affordable in Hagerman, ID?
Typical homes in Hagerman, ID go for around $413K. The 5-year CAGR of 0.0% consistent price movement.
Where do rents currently stand in Hagerman, ID?
Rent in Hagerman, ID is around $1,044/mo. The resulting rent-to-value relationship with $413K pricing is reasonable for most investor models.
Can owner-occupants cash flow in Hagerman, ID?
The house hack math a challenging in Hagerman, ID. Owner-occupant buyers benefit from the $1,044/mo rents and $413K home values.
Is Hagerman, ID a good market for buy-and-hold investors?
Hagerman, ID scores 3.0/5 for investability. Home values sit at $413K and rents near $1,044/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 83332 now. You don’t know where it ranks.
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