Homeownership Market and Needs
Did you know? Idaho has had the highest annual home price appreciation in the U.S. since the third quarter of 2019, according to Federal Housing Finance Agency data.
Housing Price Index
What the HPI says about Idaho: After leading the nation in home price appreciation for several years, Idaho is seeing home values fall across the state. In the second quarter of 2023, Idaho ranked 48th for home price appreciation, with prices falling nearly more than 4 percent year over year. It was one of eight states where home values depreciated. Nationally, home prices increased 3 percent during that same timeframe. The drop was more severe in Boise, Idaho’s largest metro area, where prices fell nearly 10 percent. 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.
Housing Insecurity
Did you know? “Housing insecurity is an umbrella term that encompasses a variety of circumstances and indicates risks to attaining and maintaining safe and stable housing. Some of these indicators include increasing rent and home prices, decreasing vacancy rate, household income and the amount of household income spent on housing.”
Read the full report from the University of Idaho’s McClure Center for Public Policy Research. See here for county-by-county data.
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: In 2018 (the most recent study), 40% of Idaho households struggled to make ends meet. While 12% of these households were living below the Federal Poverty Level, another 28% were ALICE: Asset Limited, Income Constrained, Employed. Explore the data.
Rental Market and Needs
Did you know? An Idahoan working at minimum wage ($7.25 an hour) has to work 72 hours a week to afford a one-bedroom rental home at HUD’s monthly Fair Market Rent ($680), according to the National Low-Income Housing Coalition.
COVID-19 Impact
Pandemic’s toll on renters: The impacts of COVID-19 have left a number Americans catastrophically delinquent on their rent. While all communities are feeling the effects of the pandemic in some form or another, the situation can vary dramatically. A report by Surgo Ventures looks at the impact COVID-19 is having on renters across the country, outlining the situation in Idaho and what parts of the state are struggling the most. Explore the data.
2020 Out of Reach Report
Homelessness Needs
Did you know? A minimum of 11,051 Idahoans received homeless services in 2022, according to the most recent “State of Homelessness in Idaho” report.
State of Homelessness in Idaho Report
Point In Time Count
What the Point In Time count says about Idaho: In the past decade, Idaho’s unsheltered homeless population has increased 23%. The increase can be mostly attributed to improved counting efforts and rising housing costs in the state. Explore the data.
Supportive Housing Services
The need for supportive housing services is growing: Supportive housing combines affordable housing with tenancy support services and care coordination so that the most vulnerable people can live with stability, autonomy and dignity. Idaho Housing and Finance worked with several partners around the state, including the Home Partnership Foundation to highlight the current situation in Idaho, while making a business case for creating a Medicaid benefit to cover supportive housing services for beneficiaries who are experiencing homelessness and have high healthcare service costs.