Idaho Falls, ID Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Federal Housing Finance Agency (FHFA) house price index for Idaho Falls, ID, shows that home prices in the area have increased by 2.1% over the past year. This is slightly higher than the national average of 1.9%. However, it is important to note that this index only measures prices for homes that have sold through Fannie Mae and Freddie Mac. It does not include all homes in the area.

The median home value in Idaho Falls is $184,000, which is lower than the national median of $229,000. However, values have been increasing steadily over the past few years. In 2016, the median home value was $177,000. This means that values have increased by 3.4% since then.

There are a number of factors driving up home values in Idaho Falls. The economy in the area is strong and unemployment is low. Additionally, there has been an influx of people moving to Idaho Falls from other parts of the country due to its low cost of living and high quality of life. This has led to more demand for housing and helped drive up prices.

If you are thinking about buying a home in Idaho Falls or refinancing your current home, now may be a good time to do so as values are expected to continue to rise in the coming years.