Despite the low national trends in some markets, the real estate market in Idaho Falls has been flourishing in the past few years with more and more people moving to this rapidly developing city. Idaho Falls is a growing area with a strong and diverse economy. There are many apartments all around the city with many sizes, styles and prices.
Idaho Falls is located on the South East portion of the state. The city of Idaho Falls has a population of approximately 55,000 but with all the surrounding communities and homes coming up the number of people in the valley is closer to 100,000. The city of Idaho Falls is conveniently located and is easily accessible from many nearby tourist destinations. The nearby towns and cities of Idaho Falls are:
- Blackfoot
- Ammon
- Shelley
- Basalt
- Swan valley
- Atomic City
- Irwin
- Ft.Hall
- Firth
- Chubbuck
At present, 318 homes have been sold since the beginning of 2007, with an average sales price of $167,749. The interest rates are very low at present. There is an increasing supply of homes in the market and an ever-increasing supply of buyers.
|
The price of existing homes and new construction homes is constantly rising depending on the increasing costs of materials and consumer demand.
Eastern Idaho continues to enjoy stable growth and strong demand for commercial real estate in all sectors, according to NAI Commerce One Real Estate LLC. The rising demand in the region is being driven by knowledge-based industries such as electronics, biotechnology, environmental technology and medical.
According to the current market survey of 2000 there are 19,826 housing units in Idaho Falls which shows a 17% growth than in 1990. Of these, 19,804 units are located in either urban areas or in urban clusters and 22 are located in rural area. Homeownership rate in Idaho Falls is approximately 68.4% and the vacancy rate is about 5%. Majority of houses, condos and apartments in Idaho Falls were built after 1967.
Some of the well-known real estate agencies in Idaho Falls include:
- Realty Executives (208-522-3300)
- Steve Taggart (208-524-2121)
- Rick Johnson (208-525-1777)
- Snake River Real Estate (208-542-1700)
- Scott McNally (208-542-1700)
- Brett Manwaring (208-528-8300)
- Re Max Homestead Realty (208-529-5600)
- Century 21 (208-522-3300)
- Dv Groberg Company (208-522-3571)
- Rick Johnson (208-525-1777)
- Arlene Coon (208-522-3300)
| 