Rexburg, ID

There are many factors influencing real estate trends in the Rexburg, ID metropolitan statistical area (MSA). The following is a brief overview of some of the most important ones.

The population in Rexburg, ID MSA has been growing steadily in recent years, reaching a total of nearly 130,000 people as of 2019. This population growth has been driven by several factors, including the presence of Brigham Young University-Idaho (BYU-I), which enrolls over 17,000 students from all over the world. Additionally, Rexburg is located in a beautiful setting at the base of the Teton Mountains and offers many outdoor recreation opportunities that are appealing to families and retirees alike.

With more people moving into the area, there is increased demand for housing. The vacancy rate for rental units in Rexburg was just 2.4% in 2019, down from 3.2% the previous year. This tight housing market has resulted in rising rents, with average rents increasing by 5% or more per year in recent years.

The median home price in Rexburg MSA was $259,900 in 2019, up from $247,500 the previous year. This trend is expected to continue as more people move into the area and competition for limited housing inventory increases.