Real Estate Investing in Ketchum, Idaho (83340)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83340 (Ketchum, 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: 56.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 93.4 — 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 Ketchum, ID (83340)?
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Market Analysis: 83340 Ketchum
This part of Blaine County is not an easy win. The 83340 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,395/mo on a $1.6M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 83340 sits below the stated 0.0% once reality is priced in.
In practical terms, 83340 offers a low basis, the region around Ketchum has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 83340 ZIP's population of 5,379 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategy in 83340 is an operator game, not a passive one. Stepping back, entry prices of $1.6M are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Ketchum:
Property Strategy for 83340
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $539,005 | $1,180 | 1.6% | +12.0% | $539,005 |
| 2BR | $839,513 | $1,550 | 1.3% | +13.0% | $419,756 |
| 3BR | $1,787,190 | $2,040 | 0.8% | +15.7% | $595,730 |
| 4BR | $3,321,344 | $2,330 | 0.5% | +15.2% | $830,336 |
| 5BR | $5,798,488 | — | — | +15.3% | $1,159,698 |
Market Trends
Home Value History (with trend line)
📊 How Does 83340 Compare?
| Metric | 83340 | Ketchum | Hailey, ID | Idaho |
|---|---|---|---|---|
| Home Value | $1,563,793 | $1,563,793 | N/A | $465,545 |
| 5-Year CAGR | 9.8% | 9.8% | N/A | 7.2% |
| Avg Rent | $1,395 | $1,395 | N/A | - |
| Cap Rate | 0.7% | 0.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83340 (Ketchum, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,563,793 |
| Monthly Rent | $1,395 |
| Price-to-Rent | 93.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.1% |
| Cap Rate | 0.7% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +18.1% ▲ |
| 3-Year CAGR | +9.6% ▲ |
| 5-Year CAGR | +9.8% ▲ |
| 10-Year CAGR | +10.5% ▲ |
🏠 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 (0.7%). 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 83340
Population: 5,379
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 83340
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 Ketchum, ID?
Median home price in Ketchum, ID is near $1.6M, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Is Ketchum, ID landlord-friendly?
Ketchum, ID operates under ID law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How deep is the rental pool in Ketchum, ID?
Ketchum, ID offers a predictable renter base at the $1,395/mo rent level. Tenant turnover is reasonable for well-managed properties.
Can I live-in-and-rent in Ketchum, ID?
House hacking works a tougher in Ketchum, ID. Rents of $1,395/mo against $1.6M acquisition make the strategy solid for owner-occupants.
Is Ketchum, ID better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Ketchum, ID best. The market produces stable results for that approach at the $1.6M price point.
You know 83340 now. You don’t know where it ranks.
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How 83340 ranks in Hailey, ID
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