83854, Post Falls, ID

The 83854 zip code of Post Falls, Idaho is a suburban area located in the northwest corner of the state. The population as of the 2010 census was 17,811. Home prices in this zip code have increased significantly over the past few years, reaching an all-time high in August 2017.

According to Zillow, home values in the 83854 zip code have increased by 116% since 2012. This is significantly higher than the national average of 63% during that same time period. In August 2017, home values reached an all-time high of $269,000. This represents a growth rate of 7.5% annually.

One reason for this significant increase in home values is likely due to strong demand from buyers and limited supply within the area. According to Trulia, there are currently only 2 homes for sale within this zip code and they are both listed at over $300,000 each. Additionally, according to Realtor Magazine’s 2018 report on Idaho’s Top 100 Real Estate Markets: “ Idaho has seen robust job growth over recent years and more people are moving into its major metropolitan areas looking for affordable housing options and access to great schools… Idaho’s top markets also boast low unemployment rates (4%) which has helped keep demand high for homes throughout much of the state” (Realtor Magazine).

While it is clear that home prices in this particular area have increased significantly over recent years, it is important to keep in mind that they could also decrease at any time – especially if there are fewer homes available for purchase or if interest rates rise again from their current low levels.