The story of this market
The typical home in ZIP 83440 sells for about $431,000, or $215 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,121 a month.
ZIP 83440 — Rexburg
The Rexburg housing market is currently experiencing a period of price stabilization following years of rapid appreciation. High rental demand driven by the university population persists, but elevated home prices relative to local income levels have created a challenging environment for traditional buyers. Market activity remains steady but cautious as investors and residents adjust to current interest rate conditions.
This ZIP is best suited for university-affiliated individuals, students, and long-term investors who can manage the specific friction of a college-town rental market.
Median prices moved down 2.4% year over year.
Homes spend a median of 62 days on market with 4.6 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 18.5% — 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 9.9%/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 83440, Madison County ID
Crime rates in Rexburg remain generally low compared to national averages, with property crime being the primary concern in this college-dominated area.
Schools in the area are generally well-regarded, benefiting from the stable influence of the local university and community-focused district management.
The area faces moderate risks related to winter weather and occasional wildfire smoke, though flood risk is generally low outside of immediate river corridors.
Economic momentum is heavily tied to Brigham Young University-Idaho, which serves as the primary anchor for local employment and housing demand.
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).
Commutes are primarily local within Rexburg, with limited transit options necessitating personal vehicle ownership for most residents.
The area offers significant access to outdoor recreation, including proximity to the Snake River, local parks, and regional access to Yellowstone and Grand Teton national parks.
The rental market is highly seasonal and heavily influenced by the university academic calendar, leading to significant vacancy fluctuations.
The economy is dominated by the education sector, specifically BYU-Idaho, alongside supporting retail and service industries.
Transportation is primarily highway-based via US-20, with limited public transit infrastructure.
Development is focused on infill projects near the university and expansion of residential subdivisions on the city's eastern edge.
The Madison County Assessor manages property valuations, typically performing annual reviews to align with market trends.
Parcels are subject to Madison School District 321 and various local utility and fire protection districts.
Property insurance premiums are stable but reflect regional risks associated with winter weather and wildfire proximity.
Net domestic migration remains positive, driven by university enrollment and regional growth.
Idaho is a non-judicial foreclosure state with a standard notice and cure period for borrowers.
Sellers are required to provide a property condition disclosure statement covering known material defects.
Data retrieved from data.census.gov ZCTA-level tables.
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.
Major event and sports venue serving the community.
Large recreational area with trails and river access.
Local historical attraction featuring vintage aircraft.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.