Real Estate Investing in Idaho Falls, Idaho (83402)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83402 (Idaho Falls, 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.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
What’s happening in Idaho Falls, ID (83402)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 83402 Idaho Falls
ZIP 83402 in Idaho Falls, ID carries a resilient set of headwinds. Home values near $370K and rents of $1,275/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 83402 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 83402 sits on the difficult end of the ID spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 83402 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.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Idaho Falls:
Property Strategy for 83402
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $210,866 | $980 | 3.3% | +8.0% | $210,866 |
| 2BR | $251,261 | $1,180 | 3.4% | +8.3% | $125,631 |
| 3BR | $327,706 | $1,660 | 3.6% | +7.9% | $109,235 |
| 4BR | $358,776 | $1,990 | 4.0% | +8.3% | $89,694 |
| 5BR | $452,210 | — | — | +7.8% | $90,442 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 83402 Compare?
| Metric | 83402 | Idaho Falls | Idaho Falls, ID | Idaho |
|---|---|---|---|---|
| Home Value | $369,657 | $258,139 | N/A | $465,545 |
| 5-Year CAGR | 2.8% | 2.4% | N/A | 7.2% |
| Avg Rent | $1,275 | $1,409 | N/A | - |
| Cap Rate | 2.7% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83402 (Idaho Falls, ID). Anonymous, moderated, never written by AI.
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Property managers serving Bonneville County
Manage rentals here? List your business →HomeRiver Group Utah provides residential property management and leasing services for rental homeowners and real estate investors in Salt Lake City. summary from their website
Blue Pine Property Management is a premier choice for property management in Idaho Falls, offering services to maximize owner profit and protect properties through tenant screening. summary from their website
Jacob Grant Property Management offers property management services in Idaho Falls. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $369,657 |
| Monthly Rent | $1,275 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 Rent Trends
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 83402
Population: 29,683
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 83402
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,474 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are there empty rentals in Idaho Falls, ID?
Vacancy in Idaho Falls, ID is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,275/mo.
Should investors consider Idaho Falls, ID?
The 3.0/5 investability rating in Idaho Falls, ID reflects its $370K prices and $1,275/mo rents. Investors generally consider it a solid option within ID.
What is the best play in Idaho Falls, ID?
For Idaho Falls, ID, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How landlord-friendly is Idaho Falls, ID?
Landlord-friendliness in Idaho Falls, ID is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much does a house cost in Idaho Falls, ID?
In Idaho Falls, ID the median home value sits at $370K. Against the broader ID market, that reads as reasonable for most investors.
You know 83402 now. You don’t know where it ranks.
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How 83402 ranks in Idaho Falls, ID
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