Real Estate Investing in Island Park, Idaho (83429)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83429 (Island Park, 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: 90.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 47.9 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Island Park, ID (83429)?
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Market Analysis: 83429 Island Park
Investors eyeing 83429 need to respect the fundamentals at play. Home values of $600K come alongside slower price movement and elevated management overhead.
From an investor standpoint, the numbers look inviting — $600K purchase price, 0.0% nominal cap — the work to hit that pro forma in 83429 is substantial and deserves full respect.
On the rental side, 83429 offers a low basis, the region around Island Park has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On balance, 742 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Island Park's stable or hybrid ZIPs before stepping into 83429. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Island Park:
Property Strategy for 83429
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $348,519 | $950 | 2.0% | +11.5% | $348,519 |
| 2BR | $432,271 | $1,160 | 1.9% | +11.1% | $216,135 |
| 3BR | $574,310 | $1,610 | 2.0% | +11.6% | $191,437 |
| 4BR | $759,725 | $1,920 | 1.8% | +11.8% | $189,931 |
| 5BR | $1,127,687 | — | — | +12.5% | $225,537 |
Market Trends
Home Value History (with trend line)
📊 How Does 83429 Compare?
| Metric | 83429 | Island Park | Rexburg, ID | Idaho |
|---|---|---|---|---|
| Home Value | $599,799 | $599,799 | N/A | $465,545 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 7.2% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 1.4% | 1.4% | - | - |
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 83429 (Island Park, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $599,799 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 47.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.1% |
| Cap Rate | 1.4% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +10.9% ▲ |
🏠 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 (1.4%). 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 83429
Population: 742
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 83429
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
Where do rents currently stand in Island Park, ID?
Investors in Island Park, ID typically see rents near $1,044/mo per month against $600K home values - a solid setup for rental cash flow.
Are there empty rentals in Island Park, ID?
Island Park, ID sees elevated vacancy, which is reasonable relative to the broader ID rental market.
Should investors consider Island Park, ID?
The 3.0/5 investability rating in Island Park, ID reflects its $600K prices and $1,044/mo rents. Investors generally consider it a solid option within ID.
What strategy should investors use in Island Park, ID?
Investors usually favor careful cash-flow rentals with hands-on management in Island Park, ID. With home values at $600K and rents near $1,044/mo, other strategies can work but produce consistent rather than outsized returns.
Is ID a landlord-friendly state?
Landlord-friendliness in Island Park, ID is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 83429 now. You don’t know where it ranks.
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