Real Estate Investing in New Plymouth, Idaho (83655)
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Should you buy in 83655 (New Plymouth, 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.
- High price-to-rent: Price-to-rent ratio 38.2 — 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 New Plymouth, ID (83655)?
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Market Analysis: 83655 New Plymouth
ZIP 83655 inside Payette County looks affordable on the surface — median value of $503K — but the discount exists for reasons that a careful buyer should understand before committing.
Turning to rents, the numbers look inviting — $503K purchase price, 0.0% nominal cap — the work to hit that pro forma in 83655 is substantial and deserves full respect.
From a cash-flow lens, 83655 offers a low basis, the region around New Plymouth has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 83655 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 83655 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in New Plymouth:
Property Strategy for 83655
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $359,395 | $1,220 | 2.4% | +9.3% | $179,698 |
| 3BR | $449,858 | $1,700 | 2.7% | +9.0% | $149,953 |
| 4BR | $611,070 | $2,050 | 2.4% | +9.6% | $152,767 |
Market Trends
Home Value History (with trend line)
📊 How Does 83655 Compare?
| Metric | 83655 | New Plymouth | Ontario, OR-ID | Idaho |
|---|---|---|---|---|
| Home Value | $502,742 | $502,742 | N/A | $465,545 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 7.2% |
| Avg Rent | $1,098 | $1,098 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83655 (New Plymouth, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $502,742 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 38.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +11.5% ▲ |
🏠 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 (1.7%). 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 83655
Population: 5,666
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 83655
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
Frequently Asked Questions
Is housing expensive in New Plymouth, ID?
Expect median prices around $503K in New Plymouth, ID. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Is real estate in New Plymouth, ID a good investment right now?
Investors tracking New Plymouth, ID will find a 2.0/5 rating supported by $503K median home values and $1,098/mo rents. That profile suits long-term holders targeting predictable returns.
Are renters plentiful in New Plymouth, ID?
Expect a solid tenant pool in New Plymouth, ID. The rental market absorbs $1,098/mo rents without meaningful friction.
Are landlord laws favorable in New Plymouth, ID?
New Plymouth, ID falls under ID landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the typical rental rate in New Plymouth, ID?
Rent in New Plymouth, ID is around $1,098/mo. The resulting rent-to-value relationship with $503K pricing is reasonable for most investor models.
You know 83655 now. You don’t know where it ranks.
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