The story of this market
The typical home in ZIP 83401 sells for about $425,000, or $215 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,176 a month.
ZIP 83401 — Idaho Falls
The 83401 housing market is showing signs of stabilization after a period of rapid appreciation, with inventory levels slowly increasing. While year-over-year prices have softened slightly, demand remains supported by the stable employment base provided by the Idaho National Laboratory. Buyers are finding more leverage than in previous years, though affordability remains a key factor for local residents.
This ZIP is ideal for families and professionals working at the Idaho National Laboratory who value a balance of suburban affordability, access to outdoor recreation, and a community-focused lifestyle.
Median prices moved down 2.1% year over year.
Homes spend a median of 45 days on market with 3.1 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 10.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 83401, Bonneville County ID
Crime rates in Idaho Falls are generally considered moderate, with property crime being the primary concern compared to violent crime. The area remains relatively safe compared to larger national metropolitan centers.
Schools in the 83401 area are primarily served by the Idaho Falls School District, which maintains a mix of highly-rated elementary schools and stable secondary education options.
The region faces low to moderate risk from natural hazards, with primary concerns being winter weather impacts and occasional localized flooding near the Snake River.
Economic momentum is driven by the Idaho National Laboratory (INL) and a growing healthcare sector, with steady residential development occurring on the city's periphery.
Property taxes are assessed by Bonneville County based on market value, with a homeowner's exemption available for primary residences that reduces the taxable value by 50% up to a state-set limit.
Most residents rely on personal vehicles for commuting, with average travel times to work around 22 minutes; public transit options are limited.
The area features extensive access to the Snake River Greenbelt, numerous community parks, and proximity to world-class outdoor recreation including fishing, hiking, and skiing in the nearby mountains.
The rental market is characterized by steady demand and moderate vacancy rates, with a mix of single-family rentals and multi-family complexes supporting the local workforce.
The economy is anchored by the Idaho National Laboratory (INL), which is the region's largest employer, supported by a robust healthcare and retail sector.
The area is served by a network of arterial roads with easy access to I-15, facilitating regional travel.
Ongoing residential expansion is focused on the northern and western edges of the ZIP code.
Parcels are subject to standard municipal and county levies, with specific school district taxes for Idaho Falls School District 91.
Property insurance premiums are generally stable, though wildfire risk in the broader region can influence policy costs.
Data retrieved from Census Reporter and US Zip Codes database.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A scenic multi-mile trail system along the river through the heart of the city.
A popular regional zoo located within a large municipal park.
Features exhibits on regional history, science, and culture.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.