Idaho Real Estate

Idaho is a nature lovers dream. The landscape is mostly made up of mountains and farmland. Only 1.4 million people live in the state of which 507,000 live in rural areas. The state has a total acreage of 52.9 million and an average of only 15 people per square mile, giving the homeowner a sense of living out in the wild. Idaho is a perfect place to raise a family, with the lowest crime rate of any state in the nation. It also has one of the lowest cost of living rates in the country.

Idaho is known for its rugged beauty. Rock climbers love the diversity of rock formations found in the area. There are even sections of lava rock. Beautiful waterfalls and lakes are found along breathtaking trails found in Idaho. River rafting, camping, and fishing are also favorite year long activities for outdoor enthusiasts. Idaho is also very popular destination for skiers. Idaho had the first ski resort destination in the U.S.

Home prices are very affordable in most parts of the state. The median house value statewide is $106,000 Homeownership in Idaho is at 72.4% and vacancy is at 11%. In 2000, there were 527,000 housing units in the state, of which 336,000 were in urban areas. This was up 27% from 1999, making it a very lucrative state for new construction.

There is a wide variety of types of homes in the state. Many residents enjoy cabin or cottage homes on lakes and rivers. Coeur d’Alene is a popular resort area where the median price of a home is still only $134,000 and where most people have a breathtaking view of the beautiful Lake Coeur d’Alene. Coeur d'Alene has enjoyed 30%+ market appreciation for the past two years. The population is increasing and a building boom is well under way. In the state’s capitol, Boise, the average home goes for $240,000. The market is at an even keel for both buyers and sellers. Sellers should estimate it taking 30 to 60 days to sell and that they should get 90% to 95% of their asking price. Single-family homes are popular because of recent population growth.