Idaho has Fastest Growing Real Estate Prices in US

Real Estate

Federal Housing Report shows Idaho is the strongest real estate market in the US for equity growth

Q4 Price change map

Here are some of the highlights from the recent Federal Housing Finance Agency:

*U.S. house prices grew 4.9 percent in the third quarter (below a 5 percent annual pace for the first time since 2015.)

*Affordability continues to drive the deceleration of home prices as household incomes have not kept pace with ever-rising prices.

*Homes in California are now appreciating at rates that are lower than the national average.

 Q4 equity v Cali

*Out migration from high-cost areas is placing upward pressure on home prices in states like Idaho, Utah, Arizona, New Mexico, Vermont and Maine, which all now rank in the top 10 states by appreciation rate.

*At the metro level, Boise, Idaho continues to lead the country with a 11.1 percent rate of appreciation over four quarters

*Coeur d’Alene, Idaho is close behind Boise with a 10.9 percent rate of appreciation over four quarters

The case of Boise and Coeur d’Alene are illustrative — despite the fast pace of house price growth, the relative affordability and attractiveness of the region continues to lure new households, keeping up the pressure on prices.  

Source: FHFA Report

See why people are moving to North Idaho here