Idaho Falls Idaho Residential Rent and Rental Statistics
The median monthly gross residential rent in Idaho Falls, ID (the Idaho Falls metro area) was $798 in 2019 according to the Census ACS survey.1 Average gross rent in Idaho Falls was $901 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Idaho Falls median and average rent data will be released in September of 2021.
Data is also available below for Idaho Falls rental vacancy rates, Idaho Falls rent as a percent of median income and the fraction of renters in Idaho Falls.
Real Gross Rent in Idaho Falls Idaho (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Idaho Median Gross Rent | $880 | +1.97% | +6.41% |
| Idaho Falls, ID Median Gross Rent | $798 | -2.68% | +4.31% |
Idaho Falls, ID Real Gross Rent Trends
Median gross rent for Idaho Falls peaked in real terms in 2015 at $823 and is now $25 (3.04%) lower. At $901, real average gross rent in Idaho Falls was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Idaho Falls: Idaho Falls ID Median, Idaho Falls ID Average, Idaho Median, US Median
Real Gross Rent History for Idaho Falls
| Date | US Median |
Idaho Median |
Idaho Falls, ID Median |
Idaho Falls, ID Average |
|---|---|---|---|---|
| 2019 | $1,097 | $880 | $798 | $901 |
| 2018 | $1,077 | $863 | $820 | $870 |
| 2017 | $1,043 | $848 | $821 | $857 |
| 2016 | $1,027 | $827 | $765 | $859 |
| 2015 | $1,017 | $817 | $823 | $805 |
| 2014 | $986 | $797 | $750 | $759 |
| 2013 | $953 | $763 | $733 | $770 |
| 2012 | $940 | $747 | $707 | $748 |
| 2011 | $941 | $744 | $699 | $699 |
| 2010 | $955 | $763 | $723 | $720 |
| 2009 | $960 | $791 | $790 | $782 |
| 2007 | $927 | $768 | $761 | $739 |
| 2005 | $910 | $743 | $670 | $698 |
Idaho Falls Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Idaho Falls Idaho was 5.02% according to Census ACS data.
Rental Vacancy Rate in Idaho Falls Idaho
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Idaho | 3.96% | -1.39% | -1.41% |
| Idaho Falls, ID | 5.02% | +1.80% | -3.82% |
Trends in Idaho Falls, ID Rental Vacancy Rate
The rental vacancy rate in Idaho Falls peaked in 2013 at 10.49%. Since then it has fallen by 5.47% to 5.02%. Data records for this series originated in 2005. From a 2018 post peak low of 3.22%, the rental vacancy rate has increased by 1.80%.
Rental Vacancy Rate: Idaho Falls ID, Idaho, US
Historical Rental Vacancy Rate data for Idaho Falls
| Date | US | Idaho | Idaho Falls, ID |
|---|---|---|---|
| 2019 | 5.97% | 3.96% | 5.02% |
| 2018 | 6.15% | 5.35% | 3.22% |
| 2017 | 6.18% | 6.21% | — |
| 2016 | 5.89% | 5.37% | 8.84% |
| 2015 | 5.85% | 4.97% | 7.99% |
| 2014 | 6.32% | 5.23% | 7.89% |
| 2013 | 6.49% | 5.05% | 10.49% |
| 2012 | 6.77% | 6.45% | 10.22% |
| 2011 | 7.40% | 5.53% | 7.52% |
| 2010 | 8.17% | 7.93% | 10.16% |
| 2009 | 8.43% | 8.58% | 5.85% |
| 2007 | 7.87% | 6.21% | 5.64% |
| 2005 | 7.74% | 4.84% | — |
Rent as a Fraction of Income
Using median household income data for Idaho Falls, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Idaho Falls, median monthly gross rent as a fraction of median household income was 15.05% in 2019 according to the ACS.
Idaho Falls Idaho Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Idaho | 17.31% | -1.00% | -0.99% |
| Idaho Falls, ID | 15.05% | -1.35% | +0.47% |
Trends in Idaho Falls, ID Rent as a Fraction of Income
The fraction of median Idaho Falls household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 17.67%. Since then it has fallen by 2.62% to 15.05%. From a 2016 low of 14.59%, the fraction of income going to rent has increased by 0.47%.
Fraction of Income towards Rent: Idaho Falls ID, Idaho, US
Historical Data for Annual Rent as a Fraction of Income in Idaho Falls Idaho
| Date | US | Idaho | Idaho Falls, ID |
|---|---|---|---|
| 2019 | 20.03% | 17.31% | 15.05% |
| 2018 | 20.50% | 18.31% | 16.41% |
| 2017 | 20.13% | 18.89% | 17.52% |
| 2016 | 20.43% | 18.30% | 14.59% |
| 2015 | 20.63% | 19.14% | 17.67% |
| 2014 | 20.89% | 18.93% | 16.97% |
| 2013 | 20.78% | 18.60% | 16.56% |
| 2012 | 20.65% | 18.52% | 16.22% |
| 2011 | 20.70% | 19.08% | 16.48% |
| 2010 | 20.50% | 18.85% | 15.49% |
| 2009 | 20.12% | 18.54% | 16.96% |
| 2007 | 18.66% | 16.97% | 15.41% |
| 2005 | 18.89% | 17.20% | 14.65% |
Renter Fraction in Idaho Falls Idaho
You can calculate the renter fraction in Idaho Falls in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Idaho Falls as a fraction of total Idaho Falls households. In 2019 27.86% of households were renters according to Census ACS data.
Idaho Falls Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Idaho | 28.43% | -0.83% | -3.11% |
| Idaho Falls, ID | 27.86% | -2.36% | +0.21% |
Trends in the Idaho Falls, ID Renter Fraction
The Idaho Falls household renter fraction peaked in in 2018 at 30.22% and is now 2.36% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Idaho Falls ID, Idaho, US
History of Idaho Falls Renter Fraction
| Date | US | Idaho | Idaho Falls, ID |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 27.86% |
| 2018 | 36.05% | 29.26% | 30.22% |
| 2017 | 36.13% | 30.34% | 27.02% |
| 2016 | 36.88% | 31.54% | 27.65% |
| 2015 | 36.97% | 31.04% | 29.83% |
| 2014 | 36.90% | 31.98% | 25.87% |
| 2013 | 36.50% | 30.64% | 25.67% |
| 2012 | 36.09% | 31.63% | 23.84% |
| 2011 | 35.42% | 31.26% | 26.95% |
| 2010 | 34.65% | 30.38% | 24.41% |
| 2009 | 34.13% | 28.47% | 23.84% |
| 2007 | 32.80% | 27.95% | 24.81% |
| 2005 | 33.10% | 28.60% | 27.24% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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