The story of this market
The typical home in ZIP 83406 sells for about $350,500, or $165 per square foot.
Prices are roughly flat from a year ago (-0.5%), a market in balance. Homes take about 27 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 83406 — Ammon
The housing market in 83406 is currently stable, with a median sale price of $350,500 and a slight year-over-year decline of 0.5%. Inventory remains constrained, and homes are selling in approximately 27 days, reflecting a balanced market environment. Growth is supported by the regional employment base, though affordability remains a key factor for local buyers.
This ZIP is well-suited for family buyers and professionals seeking a suburban environment with access to the amenities and employment hubs of the Idaho Falls metro area.
Median prices moved down 0.5% year over year.
Homes spend a median of 27 days on market with 2.1 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 99.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 6.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 83406, Bonneville County ID
The area is served by the Bonneville Joint School District, which generally maintains stable performance ratings within the regional context.
The region faces standard wildfire and winter weather risks common to Southeast Idaho, with insurance premiums generally reflecting these environmental factors.
Economic momentum is driven by the proximity to Idaho Falls, with major employment sectors including healthcare, education, and government services.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Idaho) — Homestead Property Tax Exemption: Exempts the lesser of $125,000 or 50% of the market value for assessment purposes from property taxation. Formula: Exemption = min($125,000, 0.50 * Market Value).
Residents primarily commute by car toward Idaho Falls, with typical drive times ranging from 15 to 25 minutes depending on traffic.
The area features access to local parks, community sports facilities, and proximity to the Snake River for outdoor recreation.
The rental market is characterized by moderate vacancy pressure and steady demand from families and young professionals, with rents trending in line with regional growth.
The local economy is anchored by healthcare, education, and regional government services, with significant influence from the nearby Idaho National Laboratory.
Transportation is primarily automobile-dependent, with major highway access provided by US-26 and I-15 corridors.
Development is focused on residential expansion and supporting commercial infrastructure to accommodate population growth.
Bonneville County Assessor manages property valuations based on annual market assessments.
Parcels are subject to Bonneville Joint School District and local utility district assessments.
Property insurance markets are stable, though premiums are influenced by regional wildfire and winter weather exposure.
Data retrieved from US Census Bureau ZCTA 83406 profiles.
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.
Provides neighborhood-level green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.