Real Estate Investing in Homedale, Idaho (83628)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83628 (Homedale, ID)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Homedale, ID (83628)?
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Market Analysis: 83628 Homedale
This part of Owyhee County is not an easy win. The 83628 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From a cash-flow lens, the numbers look inviting — $367K purchase price, 0.0% nominal cap — the work to hit that pro forma in 83628 is substantial and deserves full respect.
Within ID, ZIP 83628 trails on several market indicators that neighboring Owyhee County submarkets outperform. The gap is real and robust enough to shape underwriting.
The demographic picture in 83628 includes headwinds that any investor should price in. Income distribution skews lower than Homedale averages, and tenant stability requires active management.
Distressed ZIPs reward experience. sturdy returns are possible in 83628, 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 Homedale:
Property Strategy for 83628
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $259,591 | $1,660 | 4.6% | +9.1% | $129,795 |
| 3BR | $340,365 | $2,320 | 4.9% | +8.5% | $113,455 |
| 4BR | $526,682 | $2,780 | 3.8% | +8.6% | $131,670 |
Market Trends
Home Value History (with trend line)
📊 How Does 83628 Compare?
| Metric | 83628 | Homedale | Boise City, ID | Idaho |
|---|---|---|---|---|
| Home Value | $366,766 | $366,766 | N/A | $465,545 |
| 5-Year CAGR | 1.7% | 1.7% | N/A | 7.2% |
| Avg Rent | $1,494 | $1,494 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83628 (Homedale, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $366,766 |
| Monthly Rent | $1,494 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +11.2% ▲ |
🏠 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 (3.2%). 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 83628
Population: 4,848
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 83628
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
Is house hacking profitable in Homedale, ID?
The a challenging house-hack environment in Homedale, ID reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are renters plentiful in Homedale, ID?
Expect a solid tenant pool in Homedale, ID. The rental market absorbs $1,494/mo rents without meaningful friction.
Do rentals sit vacant long in Homedale, ID?
Homedale, ID vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is ID a landlord-friendly state?
ID ranks as a landlord-friendly state for landlord-tenant law. Homedale generally follows the statewide framework, so landlords face reasonable operating rules.
Is Homedale, ID a good place for real estate investing?
The 2.0/5 investability rating in Homedale, ID reflects its $367K prices and $1,494/mo rents. Investors generally consider it a solid option within ID.
You know 83628 now. You don’t know where it ranks.
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How 83628 ranks in Boise City, ID
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