Suppose real estate is the most significant investment a majority of people make in their lifetime. In that case, it’s best to understand the places in Idaho with best potential return on investment.
After working in real estate adjacent roles for over a decade, I had the hypothesis that the best place to buy for a return on investment would be up-and-coming cities. Smaller cities where crime might be high now, but people still move to.
To test my hypothesis, we are going to look at places in Idaho that are growing faster than average, but where home prices are below average, and crime rates are higher than average.
In everyday terms, these might be “deals”. The best deal in Idaho at the moment according to Saturday Night Science? That would be Rigby.
Table Of Contents: Top Ten | Methodology | Summary | Table
The methodology that wen’t into this can be a bit complicated, so we’ll break it down for you in as much detail as we can below.
For more Idaho reading:
- Best Counties To Live In Idaho
- Best Places To Raise A Family In Idaho
- Best Places To Retire In Idaho
The 10 Best Cities To Buy A House In Idaho For 2024
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Population: 5,678
Median Home Price: $319,644
Population Change: 1.8%
Home Price Change: -2.0%
More on Weiser: Data | Crime | Cost Of Living | Real Estate
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Population: 6,169
Median Home Price: $393,238
Population Change: 4.5%
Home Price Change: -6.1%
More on Fruitland: Data | Crime | Cost Of Living | Real Estate
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Population: 5,668
Median Home Price: $395,648
Population Change: 2.2%
Home Price Change: -5.0%
More on Preston: Data | Crime | Cost Of Living | Real Estate
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Population: 6,066
Median Home Price: $295,733
Population Change: 1.2%
Home Price Change: 2.8%
More on Rupert: Data | Crime | Cost Of Living | Real Estate
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Population: 7,694
Median Home Price: $428,806
Population Change: 3.9%
Home Price Change: -4.1%
More on Emmett: Data | Crime | Cost Of Living | Real Estate
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Population: 8,182
Median Home Price: $340,535
Population Change: 2.3%
Home Price Change: -5.2%
More on Payette: Data | Crime | Cost Of Living | Real Estate
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Population: 9,614
Median Home Price: $468,505
Population Change: 5.8%
Home Price Change: -9.0%
More on Middleton: Data | Crime | Cost Of Living | Real Estate
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Population: 9,238
Median Home Price: $776,233
Population Change: 2.6%
Home Price Change: 2.9%
More on Hailey: Data | Crime | Cost Of Living | Real Estate
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Population: 9,556
Median Home Price: $525,955
Population Change: 5.0%
Home Price Change: 0.2%
More on Rathdrum: Data | Crime | Cost Of Living | Real Estate
Methodology: How do you determine the best places to buy a home in Idaho for 2024?
We were in real estate for almost five years and have worked on this site for another 9. Suffice it to say we’ve put a lot of thought into finding an excellent place to buy a home.
So all that thinking has come to this moment where we get to spell out how we’d approach finding an up-and-coming place to live in Idaho. Put differently, the analysis will try to find places in Idaho with undervalued homes relative to pent-up demand using Saturday Night Science.
To do that, we looked at the most recent American Community Survey Census data for 2018-2022 and compared it to the previous vintage. Specifically, we used the following criteria:
- Y-o-Y Change In Population (People want to live here)
- Y-o-Y Change In Median Home Prices (People are willing to pay for it)
- Home Prices Relative To The State Average (It’s still kinda cheap)
We want places that are growing, have seen home prices increase in recent years, and are still “cheap” for Idaho with the following caveats:
- Home prices had to be within 20% of the state average (Much lower than that, and you get to some of the more dangerous places)
- Home prices increased in the last year, and
- Above 5,000 people (Bigger cities have more data points)
So of the 0 cities and towns in Idaho, only 34 places made it through our initial filters to even be considered.
We then ranked each place from 1 to 34 for the above criteria, with 1 being the best. We averaged the rankings to create a “best place to buy” index, with the place having the lowest index being the best.
Turns out that Rigby is the best potential gem in the not-so-rough in the Gem State.
Summary: The Best Places To Purchase A House In Idaho for 2024
There’s our analysis of the best places to buy a house in Idaho. And, to be clear, we aren’t necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.
In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.
The best cities to buy a house in Idaho are Rigby, Weiser, Fruitland, Preston, Rupert, Emmett, Payette, Middleton, Hailey, and Rathdrum.
So if we’d could rent or buy in these cities, we’d definitely buy.
For more Idaho reading, check out:
Best Places To Buy A Home In Idaho
| Rank | City | Population | Median Home Price | Population Change | Home Price Increase |
|---|---|---|---|---|---|
| 1 | Rigby | 5,097 | $450,677 | 3.6% | -4.9% |
| 2 | Weiser | 5,678 | $319,644 | 1.8% | -2.0% |
| 3 | Fruitland | 6,169 | $393,238 | 4.5% | -6.1% |
| 4 | Preston | 5,668 | $395,648 | 2.2% | -5.0% |
| 5 | Rupert | 6,066 | $295,733 | 1.2% | 2.8% |
| 6 | Emmett | 7,694 | $428,806 | 3.9% | -4.1% |
| 7 | Payette | 8,182 | $340,535 | 2.3% | -5.2% |
| 8 | Middleton | 9,614 | $468,505 | 5.8% | -9.0% |
| 9 | Hailey | 9,238 | $776,233 | 2.6% | 2.9% |
| 10 | Rathdrum | 9,556 | $525,955 | 5.0% | 0.2% |
| 11 | Sandpoint | 8,899 | $593,858 | 5.3% | -3.4% |
| 12 | Star | 11,971 | $556,806 | 9.5% | -8.9% |
| 13 | Burley | 11,506 | $315,637 | 2.1% | 1.8% |
| 14 | Jerome | 12,482 | $366,237 | 2.5% | 0.3% |
| 15 | Garden City | 12,301 | $485,171 | 2.0% | -3.7% |
| 16 | Blackfoot | 12,349 | $331,966 | 2.0% | -5.3% |
| 17 | Mountain Home | 16,026 | $339,060 | 1.0% | -2.3% |
| 18 | Hayden | 15,703 | $573,102 | 2.5% | 2.0% |
| 19 | Chubbuck | 15,638 | $364,541 | 1.2% | 0.2% |
| 20 | Ammon | 17,921 | $391,748 | 3.0% | -3.7% |
| 21 | Kuna | 24,845 | $423,480 | 4.5% | -8.4% |
| 22 | Moscow | 25,616 | $432,402 | 1.1% | 0.4% |
| 23 | Eagle | 30,635 | $798,612 | 3.3% | -6.9% |
| 24 | Rexburg | 38,803 | $393,055 | 15.2% | -5.7% |
| 25 | Lewiston | 34,270 | $356,242 | 0.9% | 1.2% |
| 26 | Post Falls | 40,002 | $489,488 | 4.8% | -1.5% |
| 27 | Twin Falls | 52,315 | $348,378 | 2.1% | -4.2% |
| 28 | Coeur D’alene | 54,599 | $548,397 | 2.7% | 0.3% |
| 29 | Pocatello | 56,582 | $313,922 | 1.3% | 1.0% |
| 30 | Caldwell | 61,212 | $379,133 | 4.0% | -7.8% |
| 31 | Idaho Falls | 65,685 | $366,971 | 2.0% | -4.7% |
| 32 | Nampa | 102,598 | $396,042 | 3.8% | -7.6% |
| 33 | Meridian | 119,872 | $510,137 | 4.0% | -7.4% |
| 34 | Boise City | 234,192 | $468,085 | 1.1% | -4.8% |