Canyon County, Idaho Housing Market
In Canyon County, Idaho, the median home value is $390,000, with a median monthly rent of $1,347. This places Canyon County at #317 nationally out of 3134 counties by median home value, and #12 within Idaho.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,047
- Establishments: 8,570
- BLS QCEW, 2025
Housing Supply
- Single-family: 3,045
- Multi-family: 884
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 93,765 (avg $73,314)
- Outflow: 87,521 (avg $72,206)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Canyon County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 83676 | 382.4 | +12.94% | 2025 |
| 2 | 83644 | 424.5 | -2.84% | 2025 |
| 3 | 83660 | 433.1 | +4.39% | 2025 |
| 4 | 83607 | 380.3 | +2.23% | 2025 |
| 5 | 83651 | 405.8 | +2.93% | 2025 |
| 6 | 83686 | 378.8 | +3.56% | 2025 |
| 7 | 83605 | 398.1 | +2.56% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
📝 Editor's Insight
None
How Canyon County Compares
| Metric | Canyon County | Idaho Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $390,000 | $355,261 | $227,706 |
| Median Gross Rent | $1,347 | $968 | $968 |
| Owner Occupancy Rate | 75.5% | 75.2% | 73.3% |
| Price/Rent Ratio | 24.1 | 30.6 | 18.7 |
Market Analysis
The median home value in Canyon County is 9.8% above the Idaho state average and 71.3% above the U.S. national average. The median rent of $1,347/month is 39.2% above the state average.
With a price-to-rent ratio of 24.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Canyon County has an owner-occupancy rate of 75.5%, compared to 75.2% in Idaho and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Orange County | Florida | $390,100 | $1,775 |
| Ozaukee County | Wisconsin | $390,200 | $1,154 |
| Hampshire County | Massachusetts | $390,300 | $1,388 |
| Durham County | North Carolina | $389,400 | $1,508 |
| Carroll County | New Hampshire | $388,900 | $1,195 |
Other Counties in Idaho
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Custer County | $381,700 | $691 | 76.8% |
| Adams County | $376,500 | $830 | 84.7% |
| Franklin County | $372,600 | $894 | 78.1% |
| Jefferson County | $408,400 | $1,138 | 83.0% |
| Boundary County | $410,500 | $877 | 75.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).