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Idaho Housing and Finance Association

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Housing in Idaho: Our Markets, Needs and Priorities

The informational resources below help provide a snapshot of Idaho’s housing markets and needs. The data is regularly updated, as available. Idaho Housing’s statewide priorities are shown on the sidebar.

Idaho Housing Markets, Needs and Priorities

Homeownership Market and Needs

Did you know? Idaho had the highest annual home price appreciation (11.5%) in the U.S. in the third quarter of 2019. The national average was 4.9%, according to Federal Housing Finance Agency data.

Housing Price Index

 

What the HPI says about Idaho: For the second consecutive quarter, Idaho had the highest annual home price appreciation (11.5%) in the nation. Boise, at 11.1 percent, was tops among the nation’s 100 largest metropolitan areas over the 12 months ending in Sept. 2019. Explore the data.

IHFA's Housing Needs Assessment

What IHFA’s Housing Needs Assessment says about Idaho: Forty-two percent of Idaho households are considered low- to moderate-income, earning 80% of the Area Median Income (AMI) or less.

HUD Housing Affordability Data

What HUD’s Comprehensive Housing Affordability Strategy (CHAS) data says about Idaho: Only half of the state’s rental units are affordable (30% of monthly income) to Idaho residents. There are more than 41,000 renter households that are housing cost-burdened. The largest group is those earning 0-30% of the Area Median Income. There are nearly 52,000 homeowner households who are housing cost-burdened. Explore the data.

Asset Limited, Income Constrained, Employed Data

What the ALICE data says about Idaho: Of the state’s 609,028 households, 14% lived in poverty in 2016 (the most recent study). Another 26% were ALICE (Asset Limited, Income Constrained, Employed). Combined, 40% (246,326 households) had income below the ALICE Threshold, an increase of 14% since 2010. Explore the data.

 

Rental Market and Needs

Did you know? An Idahoan working at minimum wage ($7.25 an hour) has to work 67 hours a week to afford a one-bedroom rental home at HUD’s Fair Market Rent ($629), according to the National Low-Income Housing Coalition.

2019 Out of Reach Report

 

What the “Out of Reach” report says about Idaho: There is a shortage of rental homes that are affordable and available to extremely low-income Idaho households whose incomes are at or below the poverty guideline or 30% of the area median income. Many of these households are severely cost-burdened, spending more than half of their income on housing. Severely cost-burdened and poor households are more likely than other renters to sacrifice other necessities like healthy food and healthcare to pay the rent and to experience unstable housing situations like evictions. Explore the data.

Affordable Rental Vacancy Rates

What the HousingIdaho.com data says about Idaho: Since 2015, a significant number of Idaho counties have been consistently below 1%, which limits housing choices for full-time workers earning less than $20 an hour, seniors and others on fixed incomes.

 

Homelessness Needs

Did you know? A minimum of 5,546 Idahoans experienced homelessness in 2018, a 15% increase over the previous year, according to the most recent “State of Homelessness in Idaho” report.

State of Homelessness in Idaho Report

Explore the “State of Homelessness” report data.

Point In Time Count

What the Point In Time count says about Idaho: Since 2009, Idaho’s unsheltered homeless population has increased 113%. The increase can be mostly attributed to improved counting efforts and rising housing costs in the state. Explore the data.

IHFA’s Statewide Housing Priorities

      • Increase the supply of affordable rental housing in urban and rural communities;
      • Reduce homelessness for Idaho’s youth, veterans and chronically homeless;
      • Prevent homelessness through emergency housing assistance;
      • Expand homeownership by providing reasonable educational and financial support;
      • Financially and organizationally support community and local government investment in housing opportunities that are affordable and;
      • Preserve older, existing housing stock to maintain affordability.

 

Community Partnerships In Action

IHFA collaborates with local municipalities and organizations across the state to help build affordable housing of all types. We also provide education and financing for thousands of Idahoans who move into homeownership.

More on Idaho Housing’s statewide impact.