The story of this market
The typical home in ZIP 83856 sells for about $521,000, or $265 per square foot.
Prices are up +27.4% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 83856 — Priest River
The 83856 housing market is currently experiencing significant price appreciation, with a 27.4% year-over-year increase in median home prices. While the market is somewhat competitive, it remains a buyer's market with homes selling below the asking price on average. Limited inventory and rural demand continue to drive market dynamics.
This area is best suited for outdoor enthusiasts, retirees, and families seeking a rural lifestyle with proximity to Northern Idaho's natural amenities, rather than urban commuters.
Median prices moved up 27.4% year over year.
Homes spend a median of 58 days on market with 4.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 95% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 11.2% — 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 12.0%/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 10.0%/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 83856, Bonner County ID
The area faces moderate wildfire risk typical of Northern Idaho, with insurance availability and premiums increasingly sensitive to regional forest management and climate conditions.
Economic momentum is driven by local government, education, and the timber/wood products industry, with limited large-scale commercial development reported.
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).
Commuting is primarily car-dependent, with residents traveling toward Sandpoint or Coeur d'Alene for major employment hubs.
The area offers significant outdoor access including the Priest River and Pend Oreille River for boating and fishing, alongside proximity to regional hiking trails.
The rental market is characterized by limited inventory and steady demand, with a mix of long-term residential rentals and seasonal vacation properties.
The local economy is anchored by the public sector, including local government and education, alongside traditional timber and wood processing industries.
Transportation is heavily reliant on private vehicles, with Highway 2 serving as the primary arterial corridor for regional connectivity.
Development is largely focused on low-density residential expansion and small-scale commercial improvements consistent with rural zoning.
Bonner County Assessor maintains property valuations based on annual market analysis and physical inspections.
Parcels are subject to local school district levies and county-wide emergency service district assessments.
Property insurance markets are stable but increasingly influenced by regional wildfire risk mitigation requirements.
Data retrieved from Census Bureau 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 local river providing fishing and recreational boating access.
Regional hub for community events and agricultural gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.