By that standard, Idaho is one of the least affordable states in the nation.
Were likely at a permanent higher level.
The states inventory of homes for sale remains tight in 2025, giving sellers an edge.
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More listings have begun to appear compared to the frenzy of 2021, but not by much.
This meager inventory means competition remains stiff for buyers, even if bidding wars have cooled from theirpeak.
Several trends are keeping Idahos housing supply tight.
This has led would-be sellers to stay put, limiting the number of homes hitting the market.
This imbalance between high demand and low supply has kept upward pressure on prices.
On the price front, there are signs the skyrocketing values have plateaued somewhat.
However, the decline was short-lived.
By late 2024, prices had bounced back to within 6% of the all-time high in many areas18.
Even traditionally low-cost markets have seen prices outstrip incomes.
In that context, Idahos situation while severe is part of a nationwide affordability crunch.
There are, however, some distinctions in Idahos market.
This surge in demand helped propel Idahos home values upward at one of the fastest rates in the nation24.
Nationally, some cities (e.g.
Another common thread between Idaho and the rest of the U.S. is the impact of mortgage interest rates.
Encouragingly, the forecast for 2025 offers some hope on the national stage.
Many economists predict that mortgage rates will gradually tick down in the coming year as inflation cools27.
Homebuilders and developers are taking note, too.
On the seller side, the markets transition in 2025 requires adjustments as well.
However, because inventory is still relatively scarce, well-priced homes in desirable areas continue to sell briskly.
Looking ahead, Idahos housing market will likely remain a balancing act between strong demand and stubborn affordability issues.
Idaho may follow that pattern, though any relief is likely to be incremental.
