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434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Idaho FallsNestled on the banks of one of the most beautiful rivers, the Rocky Mountain community of Idaho Falls offers a large metropolis in the charming package of pleasant laid-back living. Whether you’re just scouting the area for a new business or settling into a new job, you’ll find countless wonders here, including many activities, events and attractions that are just a stone’s throw from any point within the Greater Idaho Falls area. For starters, check out the view! The Snake River Valley’s skyline consists of the majestic Teton Mountain Range, and in our backyard is the world’s most famous park—Yellowstone. Offering its own symphony, opera, chamber orchestra, community drama, performing arts groups, museums, zoo and of course, professional minor league baseball, Idaho Falls is filled with things to do. Centrally located in the heart of some of the world’s best known recreation areas, Idaho Falls has positioned itself as the gateway to year-round adventures and activities. You’ll also quickly discover that Idaho Falls serves as a major regional hub for several industries, including agribusiness, horticulture, medical, commercial fabrication, nuclear engineering and energy research.
Idaho Falls is a great retail hub, thanks to the many businesses in town. People come from all over the valley to shop. In fact, more than 200,000 people shop, dine and stay in Idaho Falls on a regular basis. While great shopping can be found throughout the city, two major hotspots to consider are Historic Downtown and the Grand Teton Mall. Rife with buildings from years past, Idaho Falls Historic Downtown is an experience all its own. Music, art and museums just add to the enjoyment of an evening spent exploring newly renovated historic sites with a walking tour of over 12 sites located in the National Register of Historic Places. Take time to meander through captivating galleries, see a play or catch an independent film, or do some shopping in unique jewelry, clothing, antique or furniture stores. In 1984 the Grand Teton Mall opened on the southeast side of Idaho Falls, an area that was for the most part away from the city’s business districts. Since then, stores have surrounded the mall, and it now sits as the hub of the city’s fastest growing retail area. The mall is lined with a row of excellent restaurants and sits near regional medical centers, a host of other medical service buildings and accommodating hotels. Located on a rapidly expanding side of town, the Grand Teton Mall is a 60-acre shopping haven.
Eastern Idaho Commercial Real Estate in ReviewPublic Projects - 2018 has turned out to be a strong year for commercial real estate activity in eastern Idaho, with many notable large-scale public projects in the pipeline. These include the construction of a new I-15 interchange, a new 20-acre hospital campus in Chubbuck and the development of a new $1.65 billion fuel handling facility at the Idaho National Laboratory.
Retail - Eastern Idaho’s Retail market saw In 2018, look for new construction and major announcements at the Jackson Hole Junction project (at I-15 exit 116). Horizontal development will commence in April and multiple businesses will be moving into the project this summer. Additionally, the developers of Sandcreek Commons in Ammon will have three new buildings coming out of the ground in the spring of 2018.
Hospitality - Mountain View Hospital recently acquired multiple adjacent lots where it will be adding a new $65 million wing in 2018. This should help bolster rents and occupancy levels in the “medical mile” vicinity of Idaho Falls. The overall multitenant office vacancy rate in the region is 13.8 percent and, with a few exceptions, asking rents still have not recovered since the 2008 recession.
Office - On the office front, location has proven to be as critical a factor as ever. The North and Downtown submarkets are still seeing a high amount of vacancy (15-20%) while the South and West submarkets (Taylor Crossing, Snake River Landing, and area near the Eastern Idaho Regional Medical Center) are faring better, with approximately half the vacancy levels of neighboring submarkets. Oppenheimer Development Corporation’s “The Broadway” project in downtown Idaho Falls has enjoyed robust pre-leasing, with new leases announced with the Bank of Idaho and the law firm Parsons Behle & Latimer. Additionally, two multi-unit restaurant groups have signed leases with the project. The project will be complete and ready for occupancy in late 2018.
Coming Soon -In addition to new residential development, more commercial projects are being pursued including pre-leasing for additional office space and planning for new retail and entertainment areas. In 2018, new construction will include the expansion of Event Center Drive, the roadway leading to the planned Idaho Falls Event Center, an approximately 5000 seat multi-use center for sporting events, concerts, conventions and other uses. Also Idaho National Laboratory has awarded a subcontract to GE Hitachi Nuclear Energy to support the conceptual design, cost/schedule estimate and safety framework activities for a proposed fast spectrum Versatile Test Reactor (VTR), critical for the development of innovative nuclear fuels, materials, instrumentation and sensors. The subcontract is funded by the U.S. Department of Energy Office of Nuclear Energy’s Versatile Test Reactor program, which is investigating what it would take to establish a reactor-based fast-spectrum neutron irradiation capability in the United States by 2026.
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
INL awards Versatile Test Reactor subcontract to GE Hitachi Nuclear
Idaho National Laboratory has awarded a subcontract to GE Hitachi Nuclear Energy to support the conceptual design, cost/schedule estimate and safety framework activities for a proposed fast spectrum Versatile Test Reactor (VTR), critical for the development of innovative nuclear fuels, materials, instrumentation and sensors.
The subcontract is funded by the U.S. Department of Energy Office of Nuclear Energy’s Versatile Test Reactor program, which is investigating what it would take to establish a reactor-based fast-spectrum neutron irradiation capability in the United States by 2026.
Within the INL-led VTR team, engineers from GE Hitachi Nuclear Energy will adapt the company’s (http://gehitachiprism.com/) sodium-cooled nuclear reactor design to the needs of a test reactor for state-of-the art research and development purposes.
“To meet our aggressive schedule for establishing this much-needed capability in the United States, it is necessary to leverage an existing and mature sodium-cooled fast reactor design that can be modified to meet the needs of a versatile test reactor,” said INL’s Kemal Pasamehmetoglu, the executive director of VTR. “Having a timely and detailed conceptual design is critical to generating an accurate cost and schedule estimate, which will then be key to DOE’s decision on whether to move forward in 2020.”
Establishing a fast spectrum test reactor ensures continued U.S. technology leadership in nuclear energy innovation. Currently, only a few capabilities are available for testing fast neutron reactor technology in the world and none in the U.S.
DOE’s Office of Nuclear Energy established the VTR program earlier this year in response to reports outlining the need for a fast spectrum test reactor, including one issued by the agency’s Nuclear Energy Advisory Committee (NEAC) in 2017. In that report, NEAC recommended “that DOE-NE proceed immediately with pre-conceptual design planning activities to support a new test reactor (including cost and schedule estimates).”
The recommendation, in part, was based on responses from U.S. companies developing advanced reactors, many of which require different testing facilities than the commercial nuclear power technology in use today.
Also recently, Nuclear Energy Innovation Capabilities Act (S.97) highlighted the need for a reactor-based fast neutron source authorizing DOE to proceed with the relevant activities.
“The VTR is a vital and strategic project for the U.S. and its promising advanced reactor industry, and we applaud the administration and Congress for making this technology a priority,” said Jay Wileman, GEH President and CEO. “Our VTR project team combines GEH’s strength as a nuclear plant vendor, service provider and nuclear fuel fabricator with Bechtel’s strength in nuclear project management, engineering, procurement and construction. The mature PRISM technology is ideally suited to meet the VTR mission needs.”
“The U.S. currently has no capability to test these fuels and materials,” said Peggy McCullough, a Bechtel senior vice president and general manager of Bechtel’s Nuclear, Security, and Operations business line. “Advanced reactors hold great promise but their components need the proper testing before they can be licensed and used in energy-producing reactors. That’s what the Versatile Test Reactor will provide. It’s extremely important for the science community, industry, regulators, and the future of nuclear energy research.”
Building on the proven principles of the Experimental Breeder Reactor-II, an integral sodium-cooled fast reactor prototype that was operated successfully for more than 30 years by Argonne National Laboratory (ANL) in Idaho, PRISM is the only sodium-cooled reactor to have successfully completed the U.S. Nuclear Regulatory Commission (NRC) pre-application review process. The PRISM Probabilistic Risk Assessment, developed with ANL in 2016, provided a validation of the advanced reactor’s safety.
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Comparison Stats - 2018 Vs. 2017
Bonneville County
• Resales were up 6%, finishing at 155 resales per month
• The Avg. Monthly Median of resale price was up 13%, finishing at a record high $196,821
• Days on Market were at a record low 42 day average
• New Residential Building Permits decreased 5%, averaging 1 less per month than 2017
• New Commercial Building Permits increased 50%
• Notice of Defaults decreased another 8%
• 80% down from the 58 per month seen in 2009 & 2010
• Trustee’s Deeds decreased another 34%
Jefferson County
• Resales were up 6%, finishing at 27 resales per month
• The Avg. Monthly Median resale price was up 5%, finishing at a record high $247,392
• Days on Market were at a record low 48 day average
• New Residential Building Permits decreased 18%, averaging 3 less per month than 2017
• New Commercial Building Permits were flat
• Notice of Defaults decreased another 16%
• 87% down from the 17 defaults per month seen in 2010
• Trustee’s Deeds decreased another 47%
Madison County
• Resales were again flat with a 4% increase still finishing at 21 per month for the 3rd year in a row
• The Avg. Monthly Median Resale price increased 7%, finishing at a record high $200,245
• Days on Market were at a record low 46 day average
• New Residential Building Permits decreased by 1% (just 1 permit)
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
• New Commercial Building Permits decreased 24% (just 2 permits)
• Notice of Defaults decreased another 30%, averaging just 1 per month
• Trustee’s Deeds decreased another 44%
Fremont County
• Resales were up 11%, finishing at a record 17 per month
• The Avg. Monthly Median increased 5%,finishing at a record $221,785
• Days on Market were at a record low 93 day average
• Notice of Defaults and Trustee’s deeds decreased over 35%
Bingham County
• Resales were up 19%, finishing at 33 resales per month
• The Avg. Monthly Median resale price was up 11%, finishing at a record high $165,096
• Days on Market were at a record low 56 Day average
• Notice of Defaults were down 49%
• Trustee’s Deeds were down 33%
Bannock County
• Resales decreased a significant 11%, finishing at 83 resales per month
• The Average Monthly Sales price increased a whopping 19%, finishing at a record $187,542
• Days on Market decreased 13% to a 72 day Average
• New Residential Building Permits increased a significant 39%
• New Commercial Building Permits increased 116%
• Notice of Defaults decreased another 31%
• Trustees Deeds decreased another 49%
Blaine County
• Blaine is booming!
• See me for Blaine County specific statistics
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
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434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
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434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
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434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
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434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Economy
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Knowledge of economic conditions is crucial when undertaking local development efforts, and employment indicators provide insight into these local economic conditions. Unemployment has a significant impact on the lives of millions of Americans and is connected to enormous social and economic costs. An IMF report from 2010 details stark long term repercussions:
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...a loss in earnings not just today but persisting 15-20 years into the future, reduced life expectancy of 1 to 1.5 years, and lower academic achievement and earnings for their children.
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The official unemployment rate is only one part of the story, though. It is important to also take into consideration the other tools we have for analyzing labor market conditions including the following key economic indicators we've outlined in this report:
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Employment
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Employment Diversity
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Labor Market Engagement
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Labor Force
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Educational Attainment
Employment Access
Percent Change in Number of Jobs
Job Growth
When these factors are used together, we gain more useful insights into local labor markets and their impact on the daily lives of residents.
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Economy
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Economy
Percent Change - Number of Jobs 2005 to 2015
Idaho Falls, ID Area
24.89%
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Population & Demographics
Quickly investigate population and demographic measures for Idaho Falls. This report presents population dynamics and a breakdown of age, sex, and race/ethnicity.
Population DynamicsIdaho Falls, ID People
Total Population 59,414
Change in Population 2000 to 2010 4,463.05
Population Under Age 18 (Children) 17,190
Population Age 65 and Over 7,661
Sources: US Census 2013-2017 ACS; US Census 2000 & 2010; ACS 2006-2010 Census
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Time Series: Population
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Time Series: Population
• Office 208 542-7979 • Fax 208- 552-5255
Understanding Livability
Livability data is important for fully understanding the inner workings of a community. Crime, income levels, access to food, air quality, and walkability are all factors that will often determine the economic health and stability of a place. This report is designed to help you better understand the livability of Idaho Falls.
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Understanding Livability
How affordable is it to live in your community?
The location affordability measure is a combination of two data points: the percentage of income spent of housing and the percentage of income spent on transportation. The percent of income spent on housing and transportation indicates overall location affordability for a median or low income household. For the combined measure, a value of 100% describes an area in which a household spends 100% of their income on housing and transportation.
Location Affordability for a Median Income Households and Families
Idaho Falls, ID Area
Percent of Income Spent on Housing and Transportation - Median Income Families 53.51%
Percent of Income Spent on Housing - Median Income Families 27.18%
Percent of Income Spent on Transportation - Median Income Families 26.32%
Sources: US HUD, DOT, LAI; US HUD & DOT, LAI
Location Affordability for a Very Low Income Resident
Idaho Falls, ID Area
Percent of Income Spent on Housing and Transportation - Low Income Individuals 136.73%
Percent of Income Spent on Housing - Low Income Individuals 75.79%
Percent of Income Spent on Transportation - Low Income Individuals 60.94%
Sources: US HUD and DOT
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Housing Overview
• Office 208 542-7979 • Fax 208- 552-5255
Housing Overview
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Housing Overview
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Building Age
The median building age of housing units helps reveal the overall age of structures in a community. It also can help identify possible correlations between home value and building age.
Building Age - MedianIdaho Falls, ID
1974 YearThe building age of housing units breaks down all housing units in an area by age, and can be used to identify concentrations of older homes, which are likely to be less energy efficient. The values depict the number of units built during specific periods of time. This information can be used to identify areas with concentrations of older homes where energy-efficient renovation is likely needed.
Location Affordability
The indicator below reveals the percentage of income spent on housing for a median income family. A value of 100% describes an area in which a family who earns the median income for that area spend 100% of their income on housing. This data gives insight into the general affordability of an area.
Percent of Income Spent on Housing - Median Income Families
Idaho Falls, ID
26.8%
• Office 208 542-7979 • Fax 208- 552-5255
TransportationAverage Commute Time for Downtown Residents
Commute Mean Travel Time Idaho Falls, ID
17.62 Minutes
Average commute time is invaluable information for transportation planning and helps us understand more about the true cost of commuting for area residents. From the 2010-2014 ACS 5-year estimates we see that the national average commute time is 23.91 minutes.
Median Commute Distance for Downtown Residents
Median Commute Distance Idaho Falls, ID 2.93 Miles
Percent of Income Spent on Transportation
Percent of Income Spent on Transportation - Median Income Families Idaho Falls, ID
23.77%
Percent of Income Spent on Transportation - Low Income IndividualsIdaho Falls, ID
52.91%
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402
• Office 208 542-7979 • Fax 208- 552-5255434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402
Explore the percentage of residents that commute by public transit, drive alone, car pool, or walk to work. Compare these results with the wider metropolitan area and other downtown areas across the country.
Residents who Commute by Public Transit
Commute Means of Transportation: Public TransitIdaho Falls, ID
780 People
Residents who Walk to Work
Commute Means of Transportation: Walk Idaho Falls, ID 562 People
Transportation
Walkability of Downtown
Walkability IndexIdaho Falls, ID
8.89
Walkability Employment-Housing Mix RankingIdaho Falls, ID12
Walkability Intersection Density RankingIdaho Falls, ID
13
Walkability Proximity to Transit RankingIdaho Falls, ID1
Once you know which areas of your community are walkable and which are struggling, you can make more informed decisions about what kind of improvements are needed and where. The EPA Walkability Index is a nationwide geographic data resource that ranks block groups according to their relative walkability.
• Office 208 542-7979 • Fax 208- 552-5255434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402
Health & Wellness Indicators
Local residents and community leaders need evidence-based tools providing information on public health and community wellbeing in order to cultivate health and wellness at both the individual and community levels. HealthyPeople.gov identifies the "availability of resources to meet daily needs, such as educational and job opportunities, living wages, or healthful foods" as examples of social health determinants.
• Office 208 542-7979 • Fax 208- 552-5255434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402
Health & Wellness Indicators
Access to adequate healthcare can be an issue in both rural and urban settings. All values for primary care, OB-GYN, specialist, and dentist in the chart below refer to the number of clinically active physicians in 2010. Data for this table comes from the U.S. Department of Health and Human Services Primary Care Service Area (PCSA) Project. This dataset is used "to provide information about primary care resources and populations within small standardized areas that reflect patient utilization patterns." For more on the importance of equitable access to health care, visit HealthyPeople.gov.
How many primary health care providers are available in your community and how do those numbers compare to other places?
Local Health Care Providers
Idaho Falls, ID Area PeoplePrimary Care Physicians 61
Specialist Physicians 136
Number of Dentists 102
OB-GYNs 11
• Office 208 542-7979 • Fax 208- 552-5255434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402
Local Health Care Providers
How many residents in your community have health insurance coverage?The U.S. Census Bureau "broadly classifies health insurance coverage as private or public. Private health insurance is a plan provided through an employer or union, a plan purchased by an individual from a private company, or TRICARE or other military health care." Public coverage includes the federal programs Medicare, Medicaid, VA Health Care, and the Children's Health Insurance Program (CHIP). People who had no reported health coverage are considered uninsured.
Health Insurance Coverage
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
DemographicsIdaho Falls, Idaho's estimated population is 61,076 according to the most recent United States census estimates. Idaho Falls, Idaho is the 4th largest city in Idaho based on official 2017 estimates from the US Census Bureau.
The population density is 2633.80 people/mi² (1016.91 people/km²), with a household density of 391.22 people/km² (1013.27 people/mi²).
The overall median age is 33 years, 32.5 years for males, and 33.4 years for females. For every 100 females there are 98.9 males.
Based on data from the American Community Survey, in 2017 there were 23,497 households in the city, with an average size of people per household. The homeowner vacancy rate was 1.9%, with a median rent of $707/month. The median house has 6.2 rooms, and has a value of $145,800.
The median income for households in Idaho Falls, Idaho is $49,098, while the mean household income is $67,025. The per capita income is $, and % of families and % of individuals are below the federal poverty line. % of those under 18 are in poverty, and % of those 65 years or older.
Nestled between the largest wilderness area in the lower 48 states and two national parks – Yellowstone and the Grand Tetons – is the 14-county region of Eastern Idaho. With a combined population of 366,611, the region has the second largest workforce in Idaho with approximately 183,381 employees
4th and 5th Largest Cities in Idaho: Idaho Falls & Pocatello 45 miles apart
334,166 Eastern Idaho MSA: Populations Base - $26,258 Bonneville County Per Cap Income - $56,126 Bonneville County Med. Household Income
Top Employers - Idaho National Laboratory, Melaleuca, Eastern Idaho Regional Medical Ctr., Wal-Mart, District 91, District 93, Century Link, Idaho Steel & Battelle Energy Alliance
Idaho's current minimum wage of $7.25 an hour.
2 National Parks - Region is nestled between Jackson Hole, Yellowstone Park & Grand Teton and one of the largest wilderness areas in the lower 48
81.7 % of population under 30, one of the country’s largest group of young talent
2 Major Universities - Idaho State University (ISU) & Brigham Young University – Idaho (BYU-I) 30,000 total students every semester
890 square miles - Home to one of the largest department of Energy sites, Idaho National Laboratory, Naval Nuclear Propulsion Program
8 key medical facilities - The Eastern Idaho Region is a medical service hub serving the growing medical needs for patients in several states
93.25 cost of living - Composite cost of living for the region
2.4 % Unemployment Rate in the Workforce - 2.9 % Unemployment Rate in the Labor Pool - 52,995 Number of Employed with Jobs in Bonneville County 2018
80 acres - The Portneuf Wellness Complex, including 6 sports fields, outdoor amphitheater and miles of walking and bike paths
10,000 acres of white quartz sand at St. Anthony Sand DunesPocatello - is home to several corporate headquarters, such as Farm Bureau Insurance and Varsity Contractors and home to several multinational companies, like ON Semiconductor, Petersen, Inc., Great Western Malting, Amy's Kitchen, and ATCO Structures & Logistics. The city is also home to Idaho State University. Over 12,000 students from around the United States and across the globe further their education through more than 200 programs offered by the school. While Pocatello is the 5th largest city in Idaho with a population of 55,193, it has maintained a distinctly small-town atmosphere.
Pocatello - is home to several corporate headquarters, such as Farm Bureau Insurance and Varsity Contractors and home to several multinational companies, like ON Semiconductor, Petersen, Inc., Great Western Malting, Amy's Kitchen, and ATCO Structures & Logistics. The city is also home to Idaho State University. Over 12,000 students from around the United States and across the globe further their education through more than 200 programs offered by the school. While Pocatello is the 5th largest city in Idaho with a population of 55,193, it has maintained a distinctly small-town atmosphere.
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
DECEMBER2018
National Home Values
Current: $223,900Monthly Change: 0.5%
1.8%Quarterly Change:Annual Change: 7.6%Negative Equity*: 8.2%
Idaho Falls Home Values
$206,900Current:Monthly Change: 1.1%
4.8%Quarterly Change:Annual Change: 12.6%Negative Equity*: 3.3%
Home Values Forecast
(next 12 months)
National: 6.3%Idaho Falls Metro: 1.2%
Major Cities - Home Values
Idaho FallsCurrent: $196,800
1%Monthly Change:Annual Change: 13.7%
RigbyCurrent: $247,600
2%Monthly Change:Annual Change: 9.8%
AmmonCurrent: $226,400
1.4%Monthly Change:Annual Change: 16.1%
MenanCurrent: $193,900
1.6%Monthly Change:Annual Change: 11.7%
PalmyraCurrent: $162,700
0.2%Monthly Change:Annual Change: 9.9%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year9.8% 9.9% - 11.7% 11.8% - 13.7% 13.8% - 16.1%
–%–%0%2018-12$206,900
RentZillow Rent Index: $1,137
Monthly Change: 1.8%1.3%$1,100$0.7
$––%–%
Home Values (ZHVI)Increasing Values:Decreasing Values:Fall From Peak:Peak ZHVI Date:Peak ZHVI:
SalesMedian Sale Price:
Monthly Change:Annual Change:
Sale Price/Sq. Ft.: $––Sale-to-list Price Ratio:
Sold for a Loss/Gain: –%/–%
Annual Change:Rent List Price:Rent List/Sq. Ft.:
ListingsMedian List Price: $255,000
4.1%Monthly Change:Annual Change: 16.4%
List Price/Sq. Ft.: $101Listings with Price Cut: 8.9%Amount of Price Cut: 2.6%
ForeclosuresHomes Foreclosed: –/10, 000
–Monthly Change:Annual Change: –
Foreclosure Resales: –%–ppMonthly Change:
Annual Change: –pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
DECEMBER2018Largest Cities Covered by Zillow
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Ammon 226,400 1.4 5 16.1 226,400 2018-12 0 1,242 -0.1 0.1 5.5 2.6 3.2Idaho Falls 196,800 1 3.7 13.7 196,800 2018-12 0 1,090 2.4 4.7 -1.4 1.5 3.3Menan 193,900 1.6 7.2 11.7 193,900 2018-12 0 1,136 1.5 3.7 3.9 -2.2 9.4Rigby 247,600 2 10.6 9.8 247,600 2018-12 0 1,189 0.9 2.9 3.9 -1.2 3.1Ucon 1,101 2.8 5.4 1.7
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)
ZR
IQ
oQ(%
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ZR
IY
oY(%
)
For
ecas
tY
oY(%
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Neg
ativ
eE
qu
ity
(%)
Bonneville County 202,300 1 4.1 13.3 202,300 2018-12 0.0 1,115 2.7 6.2 -0.2 1.5Jefferson County 239,500 2 10.9 10.1 239,500 2018-12 0.0 1,180 1.3 3.1 3.9 -1.4
Real estate numbers from 2018 hold steady; median price up, homes selling faster
Looking at the 2018 sales numbers for single family homes and condos in Bonneville County, it would appear that the market is chugging along for a third straight year. There was a slight slowdown in the number of homes sold and a dip in the number of new listings, but the median price is up to an all-time high and properties are selling faster than ever.
The other thing that struck me from looking all the way back to 2006 was how bad things had gotten in 2011-12. Everyone thinks the darkest days were 2009 -- and if you were in sales, they were dark days indeed -- but I remember someone telling me then, "It's going to get worse. This market is always about two or three years behind what's happening everywhere else."
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Idaho Falls (Bonneville County) Demographics
Rigby (JeffersonCounty) Demographics
Rexburg (Madison County) Demographics
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Pocatello (Bannock County) Demographics
Blackfoot (Bingham County) Demographics
Twin Falls (Twin Falls County) Demographics
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Office
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Industrial
434 Gladstone • Po Box 2363 • Idaho Falls, ID 83402• Office 208 542-7979 • Fax 208- 552-5255
Retail