Real Estate Investing in Iona, Idaho (83427)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83427 (Iona, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Iona, ID (83427)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 83427 Iona
This part of Bonneville County is not an easy win. The 83427 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Meanwhile, the numbers look inviting — $444K purchase price, 0.0% nominal cap — the work to hit that pro forma in 83427 is substantial and deserves full respect.
Turning to rents, 83427 offers a low basis, the region around Iona has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 83427 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 83427 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 Iona:
Market Trends
Home Value History (with trend line)
📊 How Does 83427 Compare?
| Metric | 83427 | Iona | Idaho Falls, ID | Idaho |
|---|---|---|---|---|
| Home Value | $443,617 | $443,617 | N/A | $465,545 |
| 5-Year CAGR | 2.2% | 2.2% | N/A | 7.2% |
| Avg Rent | $1,530 | $1,530 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83427 (Iona, 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 | $443,617 |
| Monthly Rent | $1,530 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.7%). 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 83427
Population: 2,819
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 83427
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
How do experienced investors play Iona, ID?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Iona, ID. The numbers - $444K homes against $1,530/mo rents - support that play.
What kind of vacancy should I budget for in Iona, ID?
Occupancy in Iona, ID runs even-keeled with elevated vacancy. Well-priced units at $1,530/mo lease on reasonable timelines.
What is the investability score for Iona, ID?
Iona, ID comes in at an investability rating of 3.0/5, with median home values near $444K and average rents around $1,530/mo. That combination puts it in the significant tier for investor interest.
Is house hacking profitable in Iona, ID?
House hacking in Iona, ID is reasonable to execute. Prices around $444K and rents of $1,530/mo solid owner-occupant economics.
Are landlord laws favorable in Iona, ID?
Iona, ID operates under ID law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
You know 83427 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 83427 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 83427 ranks in Idaho Falls, ID
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