Lewiston, ID-WA Federal Housing Finance Agency Home Price Index (FHFA HPI)

The home equity and home prices in the Lewiston, ID-WA, Federal Housing Finance Agency house price index have been on the rise in recent years. This is due to a number of factors, including low interest rates, a strong job market, and population growth.

In Lewiston, ID-WA, the median home value is $169,000, up from $164,000 last year. This is an increase of 2.9%. The median list price per square foot in Lewiston is $119.50. This is an increase of 4% from last year’s figure of $114.50.

There are several reasons for the increases in both home equity and home prices in Lewiston over the past year. One reason is that interest rates remain at historically low levels. This makes it more affordable for buyers to purchase a home or to refinance their existing mortgage at a lower rate.

Another reason for rising home values is that the job market remains strong. The unemployment rate in Idaho was 3% in March 2019, down from 3.8% one year ago (Idaho Department of Labor). This means that more people are employed and have the income necessary to afford a mortgage payment each month. Additionally, wages have been rising across the state which also contributes to higher home prices (Idaho Department of Labor).

Finally, population growth has played a role in increasing demand for housing and pushing prices upward. According to data from the U.S Census Bureau’s American Community Survey (ACS), Idaho’s population grew by 1.6% between 2017 and 2018 (U.S Census Bureau). This was one of the fastest rates of growth in the nation and contributed to higher demand for housing which helped drive up prices