Real Estate Investing in Wendell, Idaho (83355)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83355 (Wendell, ID)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 31.2 — 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 Wendell, ID (83355)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 83355 Wendell
This part of Gooding County is not an easy win. The 83355 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 83355 can be a worth a close look for hunting ground — but the discount at $337K reflects genuine risk that outside investors often underestimate.
The gap between 83355 and stronger Wendell ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A durable renter share of 28% in 83355 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. sturdy returns are possible in 83355, 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 Wendell:
Property Strategy for 83355
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $264,691 | $1,000 | 2.7% | +10.0% | $132,345 |
| 3BR | $305,982 | $1,390 | 3.3% | +9.3% | $101,994 |
| 4BR | $376,842 | $1,680 | 3.2% | +8.3% | $94,210 |
Market Trends
Home Value History (with trend line)
📊 How Does 83355 Compare?
| Metric | 83355 | Wendell | Idaho |
|---|---|---|---|
| Home Value | $336,890 | $336,890 | $465,545 |
| 5-Year CAGR | 4.6% | 4.6% | 7.2% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 2.1% | 2.1% | - |
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 83355 (Wendell, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $336,890 |
| Monthly Rent | $900 |
| Price-to-Rent | 31.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 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 (2.1%). 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 83355
Population: 5,451
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 83355
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 monthly rent in Wendell, ID?
Investors in Wendell, ID typically see rents near $900/mo per month against $337K home values - a solid setup for rental cash flow.
Are renters plentiful in Wendell, ID?
Expect a solid tenant pool in Wendell, ID. The rental market absorbs $900/mo rents without meaningful friction.
Which investment style suits Wendell, ID?
In Wendell, ID the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $337K prices and $900/mo rents suits that approach.
What is it like being a landlord in Wendell, ID?
The landlord environment in Wendell, ID is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Wendell, ID suited for a house hack?
House hacking in Wendell, ID is reasonable to execute. Prices around $337K and rents of $900/mo solid owner-occupant economics.
You know 83355 now. You don’t know where it ranks.
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