Metropolitan Statistical Area (MSA):
Blackfoot, ID is a Metropolitan Statistical Area (MSA) comprising counties including .
There are many factors influencing real estate trends in the Blackfoot, ID metropolitan statistical area (MSA). The following is a brief overview of some of the most important ones.
The population of the MSA has been growing steadily in recent years, due to both natural growth and net migration. This has led to increased demand for housing, which has put upward pressure on prices. The median home value in the MSA is now $206,000, up 6.4% from last year.
The job market in the MSA is also strong, with unemployment remaining low at 2.7%. This has helped to support household incomes and further increase demand for housing.
The supply of homes for sale in the MSA remains tight, with just 1.6 months of inventory available (meaning it would take that long to sell all existing homes if no new listings were added). This tight supply has contributed to rising prices and made it difficult for buyers to find affordable homes.