Elmore County, Idaho Housing Market
In Elmore County, Idaho, the median home value is $316,500, with a median monthly rent of $1,243. This places Elmore County at #541 nationally out of 3134 counties by median home value, and #23 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: $924
- Establishments: 693
- BLS QCEW, 2025
Housing Supply
- Single-family: 164
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 11,718 (avg $56,945)
- Outflow: 9,994 (avg $58,332)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Elmore County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 83647 | 329.4 | +6.61% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Elmore County Compares
| Metric | Elmore County | Idaho Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $316,500 | $355,261 | $227,706 |
| Median Gross Rent | $1,243 | $968 | $968 |
| Owner Occupancy Rate | 65.6% | 75.2% | 73.3% |
| Price/Rent Ratio | 21.2 | 30.6 | 18.7 |
Market Analysis
The median home value in Elmore County is 10.9% below the Idaho state average and 39.0% above the U.S. national average. The median rent of $1,243/month is 28.4% above the state average.
With a price-to-rent ratio of 21.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Elmore County has an owner-occupancy rate of 65.6%, compared to 75.2% in Idaho and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Le Sueur County | Minnesota | $316,500 | $942 |
| Kent County | Delaware | $316,600 | $1,354 |
| Northampton County | Virginia | $316,200 | $829 |
| Baldwin County | Alabama | $316,900 | $1,277 |
| Towns County | Georgia | $316,100 | $808 |
Other Counties in Idaho
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Fremont County | $314,200 | $864 | 82.6% |
| Idaho County | $310,200 | $789 | 80.9% |
| Lemhi County | $326,100 | $754 | 79.3% |
| Camas County | $304,000 | $1,000 | 80.0% |
| Bannock County | $300,700 | $960 | 69.5% |
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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).