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

The Federal Housing Finance Agency (FHFA) house price index for Twin Falls, ID, shows that home equity and prices have increased steadily over the past few years. In 2019, the median home value in Twin Falls was $206,000, up from $183,000 in 2016. This represents an increase of 13 percent over the three-year period. Home equity is the difference between the market value of a property and the outstanding mortgage balance. In 2019, the median home equity in Twin Falls was $88,000, up from $76,000 in 2016. This represents an increase of 16 percent over the three-year period.

There are several factors that have contributed to the increases in home equity and prices in Twin Falls. The economy has been strong overall, with low unemployment and rising wages. This has led to more people buying homes or upgrading to larger homes. Additionally, interest rates have remained low throughout this time period, making it easier for buyers to obtain financing. Lastly, there has been limited new construction activity in recent years due to lot shortages and other development constraints; this has helped to drive up prices for existing homes as buyers compete for a limited number of properties on the market.

Looking ahead, it is expected that home values will continue to rise at a moderate pace in 2020 as these positive trends persist. However, there is potential for some slowdown if economic conditions deteriorate or interest rates rise sharply from their current levels. Overall though, conditions remain favorable for both buyers and sellers in Twin Falls’ housing market