Department of Numbers

Idaho Falls Idaho Residential Rent and Rental Statistics

The median monthly gross residential rent in Idaho Falls, ID (the Idaho Falls metro area) was $731 in 2016 according to the Census ACS survey.1 Average gross rent in Idaho Falls was $820 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Idaho Falls median and average rent data will be released in September of 2018.

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.

Show dollars as: Nominal Real

Real Gross Rent in Idaho Falls Idaho (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Idaho Median Gross Rent $790 +1.28% +8.37%
Idaho Falls, ID Median Gross Rent $731 -7.00% +4.43%

Idaho Falls, ID Real Gross Rent Trends

Median gross rent for Idaho Falls peaked in real terms in 2015 at $786 and is now $55 (7.00%) lower. At $820, real average gross rent in Idaho Falls was at its highest level in 2016 since the series began in 2005.

Real Gross Rent in Idaho Falls: Idaho Falls ID Median, Idaho Falls ID Average, Idaho Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Idaho Falls

Date US
Median
Idaho
Median
Idaho Falls, ID
Median
Idaho Falls, ID
Average
2016 $981 $790 $731 $820
2015 $972 $780 $786 $769
2014 $942 $761 $716 $725
2013 $910 $729 $700 $735
2012 $898 $713 $676 $714
2011 $898 $711 $667 $667
2010 $912 $729 $690 $687
2009 $916 $755 $754 $747
2008 $932 $780 $723 $750
2007 $885 $734 $727 $706
2006 $895 $731 $685 $692
2005 $869 $709 $640 $666

Idaho Falls Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Idaho Falls Idaho was 8.84% according to Census ACS data.

Rental Vacancy Rate in Idaho Falls Idaho

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Idaho 5.37% +0.40% +0.32%
Idaho Falls, ID 8.84% +0.85% -1.65%

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 1.65% to 8.84%. Data records for this series originated in 2005.

Rental Vacancy Rate: Idaho Falls ID, Idaho, US

Rental vacancy rate in Idaho

Historical Rental Vacancy Rate data for Idaho Falls

Date US Idaho Idaho Falls, ID
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%
2008 7.86% 7.56% 5.58%
2007 7.87% 6.21% 5.64%
2006 7.70% 5.25% 3.32%
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 14.59% in 2016 according to the ACS.

Idaho Falls Idaho Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Idaho 18.30% -0.84% -0.30%
Idaho Falls, ID 14.59% -3.09% -1.97%

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 3.09% to 14.59%.

Fraction of Income towards Rent: Idaho Falls ID, Idaho, US

Percent of median household income going towards median monthly gross rent in Idaho Falls Idaho

Historical Data for Annual Rent as a Fraction of Income in Idaho Falls Idaho

Date US Idaho Idaho Falls, ID
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%
2008 19.00% 17.40% 14.69%
2007 18.66% 16.97% 15.41%
2006 18.90% 17.44% 15.67%
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 2016 27.65% of households were renters according to Census ACS data.

Idaho Falls Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Idaho 31.54% +0.50% +0.90%
Idaho Falls, ID 27.65% -2.18% +1.98%

Trends in the Idaho Falls, ID Renter Fraction

The Idaho Falls household renter fraction peaked in in 2015 at 29.83% and is now 2.18% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Idaho Falls ID, Idaho, US

Fraction of renters in Idaho Falls

History of Idaho Falls Renter Fraction

Date US Idaho Idaho Falls, ID
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%
2008 33.36% 29.14% 26.65%
2007 32.80% 27.95% 24.81%
2006 32.73% 28.73% 25.92%
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.