Gem County, Idaho Housing Market
In Gem County, Idaho, the median home value is $428,700, with a median monthly rent of $1,038. This places Gem County at #230 nationally out of 3134 counties by median home value, and #8 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: $866
- Establishments: 655
- BLS QCEW, 2025
Housing Supply
- Single-family: 144
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,011 (avg $70,942)
- Outflow: 7,237 (avg $67,480)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Gem County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 83617 | 375.6 | +2.13% | 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 Gem County Compares
| Metric | Gem County | Idaho Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $428,700 | $355,261 | $227,706 |
| Median Gross Rent | $1,038 | $968 | $968 |
| Owner Occupancy Rate | 76.0% | 75.2% | 73.3% |
| Price/Rent Ratio | 34.4 | 30.6 | 18.7 |
Market Analysis
The median home value in Gem County is 20.7% above the Idaho state average and 88.3% above the U.S. national average. The median rent of $1,038/month is 7.2% above the state average.
With a price-to-rent ratio of 34.4, Gem County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Gem County has an owner-occupancy rate of 76.0%, 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 |
|---|---|---|---|
| Greater Bridgeport Planning Region | Connecticut | $428,800 | $1,546 |
| Charles County | Maryland | $428,500 | $1,920 |
| King George County | Virginia | $428,300 | $1,428 |
| Williamsburg city | Virginia | $428,100 | $1,407 |
| Wilson County | Tennessee | $428,000 | $1,486 |
Other Counties in Idaho
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Madison County | $414,800 | $1,014 | 40.2% |
| Boundary County | $410,500 | $877 | 75.3% |
| Jefferson County | $408,400 | $1,138 | 83.0% |
| Canyon County | $390,000 | $1,347 | 75.5% |
| Custer County | $381,700 | $691 | 76.8% |
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).