The 10 Most Affordable Places to Live in Idaho

Michael Yessis's Photo
By Michael Yessis Updated June 13, 2024
's Photo
Edited by Ashley Simon

SHARE

The 83402 zip code in Idaho Falls tops our ranking of the most affordable places to live in Idaho.

We looked at 47 zip codes in the state, evaluating home values, rental costs, energy rates, property taxes, and five other affordability indicators. We used the data we gathered to calculate our proprietary Affordability Score for each zip code.  

Top 10 most affordable places to live in Idaho

RankCity Affordability Score Median home valueRental costs
1Idaho Falls 🥇100$349,684$962
2Pocatello🥈95.0$321,966$1,054
3Lewiston 🥉94.9$364,865$995
4Chubbuck86.5$383,157$1,039
5Rupert84.8$301,551$1,635
6Burley84.6$319,192$1,635
7Blackfoot83.8$341,584$1,635
8Nampa82.0$423,502$1,538
9Ammon79.1$408,239$1,628
10Jerome76.6$370,403$1,635
Show more

Looking to buy in Idaho?

Considering moving to or near Idaho Falls, Pocatello, or another affordable place in Idaho? Let us match you with a top real estate agent in your new city!

1. Idaho Falls

Here's why the 83402 zip code in Idaho Falls is Idaho's most affordable place to live.

🔎 Key data about Idaho Falls

Data pointValueRank (out of 47 markets)Difference from median or average
Affordability Score 100 No. 1N/A
Median home value $349,684[1]No. 8 -$110,648.16
Home affordability ratio 5.1No. 4-1.2
Home value five-year change 74.9%[2]No. 326.6%
Home value one-year forecast 0.7%[3]No. 24-0.3%
Rental costs $962[4]No. 2-$673
Rent affordability ratio 1.39%No. 1-0.8%
Median household income $69,153[5]No. 26-$4,259
Property taxes $1,661[6]No. 11-$453
Energy costs $0.11 kWh[7]No. 41$0.00
Show more

Idaho Falls's 83402 zip code is the cheapest place to live in Idaho, leading the 47 markets we evaluated. 

The median home value is $349,684, making it the 8th-cheapest housing market in the state. Forecasts project a 0.7% change in home values in the next year. Rent in the zip code averages $962 per month, which is the 1st cheapest amount in Idaho.

The median property tax for homeowners in Idaho Falls is $1,661 per household, the No. 11 ranked market in Idaho. 

Residents pay $0.11 per kWh of electricity, which ranks No. 41 among Idaho markets.

2. Pocatello

The 83201 zip code is the 2nd-cheapest place to live in Idaho.

🔎 Key data about Pocatello

Data pointValueRank (out of 47 markets)Difference from median or average
Affordability Score 95.0No. 2N/A
Median home value $321,966[8]No. 3-$138,366.07
Home affordability ratio 5.3No. 9-1.0
Home value five-year change 81.0%[9]No. 4112.7%
Home value one-year forecast 2.0%[10]No. 371.0%
Rental costs $1,054[11]No. 6-$581
Rent affordability ratio 1.74%No. 7-0.5%
Median household income $60,757[12]No. 37-$12,655
Property taxes $1,843[13]No. 17-$271
Energy costs $0.11 kWh[14]No. 9$0.00
Show more

Pocatello's 83201 zip code has a median home value of $321,966, which is the 37th-cheapest housing market in Idaho. You can rent for an average of $1,054 per month. That's the 6th-cheapest price in the state.

The average household income in the zip code is $60,757, which ranks 37th-highest in the state. 

Homeowners in Pocatello pay a median property tax of $1,843 per year, making it the 17th-most affordable market in Idaho.

Pocatello ranks No. 9 among Idaho energy markets. You'll pay $0.11 per kWh of electricity.

3. Lewiston

The 3rd-cheapest place to live in Idaho is Lewiston's 83501 zip code.

🔎 Key data about Lewiston

Data pointValueRank (out of 47 markets)Difference from median or average
Affordability Score 94.9No. 3N/A
Median home value $364,865[15]No. 12-$95,467.02
Home affordability ratio 5.6No. 14-0.7
Home value five-year change 65.4%[16]No. 14-2.9%
Home value one-year forecast -0.1%[17]No. 1-1.1%
Rental costs $995[18]No. 3-$640
Rent affordability ratio 1.53%No. 2-0.7%
Median household income $65,202[19]No. 32-$8,210
Property taxes $2,248[20]No. 35$134
Energy costs $0.10 kWh[21]No. 8$0.00
Show more

The No. 12 cheapest housing in Idaho is Lewiston's 83501 zip code, with a median home value of $364,865. Rents in the market average $995 per month, making it the 3rd-most affordable rental market in the state.

The median property tax for households in Lewiston is $2,248, which makes it the 35th-cheapest place in Idaho. Lewiston ranks No. 8 among Idaho markets by energy costs. Residents pay $0.10 per kWh of electricity.

4. Chubbuck

The 83202 zip code in Chubbuck comes in at No. 4 on our list of the cheapest places to live in Idaho.

🔎 Key data about Chubbuck

Data pointValueRank (out of 47 markets)Difference from median or average
Affordability Score 86.5No. 4N/A
Median home value $383,157[22]No. 16-$77,174.94
Home affordability ratio 6.0No. 23-0.3
Home value five-year change 71.2%[23]No. 262.9%
Home value one-year forecast 1.9%[24]No. 360.9%
Rental costs $1,039[25]No. 4-$596
Rent affordability ratio 1.63%No. 4-0.6%
Median household income $63,942[26]No. 35-$9,470
Property taxes $2,158[27]No. 31$44
Energy costs $0.11 kWh[28]No. 9$0.00
Show more

The No. 16 cheapest housing market in Idaho is Chubbuck's 83202 zip code, where the median home value is $383,157. Renters here pay an average of $1,039 per month. 

When it comes to energy costs, Chubbuck ranks 9th among Idaho markets. Residents pay $0.11 per kWh of electricity.

The median property tax for households in the zip code is $2,158, which makes it the 31st-cheapest market in Idaho.

5. Rupert

The 83350 zip code in Rupert ranks No. 5 among Idaho's most affordable places to live.

🔎 Key data about Rupert

Data pointValueRank (out of 47 markets)Difference from median or average
Affordability Score 84.8No. 5N/A
Median home value $301,551[29]No. 1-$158,781.48
Home affordability ratio 5.2No. 6-1.1
Home value five-year change 75.5%[30]No. 337.2%
Home value one-year forecast 1.6%[31]No. 330.6%
Rental costs $1,635[32]No. 18$0
Rent affordability ratio 2.23%No. 210.0%
Median household income $57,981[33]No. 42-$15,431
Property taxes $988[34]No. 1-$1,126
Energy costs $0.11 kWh[35]No. 9$0.00
Show more

Rupert's 83350 zip code has a median home value of $301,551, the 1st-cheapest market in the state. Forecasts project a 1.6% change in home values in the next year. 

The median property tax per household in Rupert is $988. It's the 1st-cheapest market by tax rate in Idaho.

6. Burley

The No. 6 most affordable place to live in Idaho is the 83318 zip code.

🔎 Key data about Burley

Data pointValueRank (out of 47 markets)Difference from median or average
Affordability Score 84.6No. 6N/A
Median home value $319,192[36]No. 2-$141,139.92
Home affordability ratio 5.0No. 3-1.2
Home value five-year change 77.5%[37]No. 369.2%
Home value one-year forecast 1.6%[38]No. 330.6%
Rental costs $1,635[39]No. 18$0
Rent affordability ratio 2.23%No. 210.0%
Median household income $63,511[40]No. 36-$9,901
Property taxes $1,144[41]No. 2-$970
Energy costs $0.11 kWh[42]No. 9$0.00
Show more

The back half of our top 10 kicks off with Burley's 83318 zip code, which has the 2nd-cheapest home values in Idaho. The median home value is $319,192. Rents average $1,635 per month, making it the 18th-most affordable rental market in the state.

Residents pay $0.11 per kWh of electricity. It's the 9th-cheapest energy market.

7. Blackfoot

Blackfoot's 83221 zip code is the 7th-cheapest place to live in Idaho.

🔎 Key data about Blackfoot

Data pointValueRank (out of 47 markets)Difference from median or average
Affordability Score 83.8No. 7N/A
Median home value $341,584[43]No. 5-$118,748.52
Home affordability ratio 4.9No. 1-1.4
Home value five-year change 71.0%[44]No. 252.7%
Home value one-year forecast 1.7%[45]No. 350.7%
Rental costs $1,635[46]No. 18$0
Rent affordability ratio 2.23%No. 210.0%
Median household income $69,724[47]No. 24-$3,688
Property taxes $1,374[48]No. 4-$740
Energy costs $0.11 kWh[49]No. 41$0.00
Show more

You'll find the 5th-cheapest home values in Idaho in Blackfoot's 83221 zip code. The median value: $341,584. Renters in Blackfoot pay an average of $1,635 per month.

Homeowners in Blackfoot pay a median property tax of $1,374 per year, which is Idaho's 4th-most affordable market.

The average household income is $69,724, which ranks 24th-highest in the state.

8. Nampa

The 8th-cheapest place to live in Idaho is Nampa's 83686 zip code.

🔎 Key data about Nampa

Data pointValueRank (out of 47 markets)Difference from median or average
Affordability Score 82.0No. 8N/A
Median home value $423,502[50]No. 23-$36,830.44
Home affordability ratio 5.4No. 11-0.9
Home value five-year change 66.6%[51]No. 16-1.7%
Home value one-year forecast 0.5%[52]No. 2-0.5%
Rental costs $1,538[53]No. 13-$97
Rent affordability ratio 1.94%No. 11-0.3%
Median household income $79,157[54]No. 12$5,745
Property taxes $2,063[55]No. 27-$51
Energy costs $0.11 kWh[56]No. 9$0.00
Show more

The 23rd-cheapest housing market in Idaho is Nampa's 83686 zip code, with a median home value of $423,502. Renters pay an average of $1,538 per month, the No. 13 rental market in the state.

The median property tax for households in Nampa is $2,063, which makes it the 27th-cheapest place in Idaho. The average household income of $79,157 ranks 12th.

9. Ammon

Ammon's 83406 zip code sneaks into the top ten of Idaho's most affordable places to live.

🔎 Key data about Ammon

Data pointValueRank (out of 47 markets)Difference from median or average
Affordability Score 79.1No. 9N/A
Median home value $408,239[57]No. 19-$52,093.02
Home affordability ratio 5.2No. 8-1.0
Home value five-year change 69.5%[58]No. 201.2%
Home value one-year forecast 0.7%[59]No. 24-0.3%
Rental costs $1,628[60]No. 17-$7
Rent affordability ratio 2.09%No. 15-0.1%
Median household income $77,958[61]No. 14$4,546
Property taxes $1,744[62]No. 14-$370
Energy costs $0.11 kWh[63]No. 43$0.00
Show more

The 19th-cheapest housing market in Idaho is Ammon's 83406 zip code, where the median home value is $408,239. Renters pay an average of $1,628 per month. It's the state's 17th-cheapest rental market.

The median property tax for households within the zip code is $1,744, which makes it the 14th-cheapest property tax rate in Idaho. 

10. Jerome

The final spot on our list of the most affordable places to live in Idaho goes to the 83338 zip code in Jerome.

🔎 Key data about Jerome

Data pointValueRank (out of 47 markets)Difference from median or average
Affordability Score 76.6No. 10N/A
Median home value $370,403[64]No. 14-$89,929.79
Home affordability ratio 5.5No. 12-0.8
Home value five-year change 76.8%[65]No. 348.5%
Home value one-year forecast 1.1%[66]No. 300.1%
Rental costs $1,635[67]No. 18$0
Rent affordability ratio 2.23%No. 210.0%
Median household income $67,941[68]No. 28-$5,471
Property taxes $1,523[69]No. 8-$591
Energy costs $0.11 kWh[70]No. 9$0.00
Show more

The 14th-most affordable market in Idaho is Jerome's 83338 zip code. The median home value is $370,403. Rent in the market costs $1,635 per month on average, making it the 18th-most affordable rental market in Idaho.

The median property tax for households in Jerome is $1,523, which is the 8th-cheapest property tax rate in the state.

Jerome ranks No. 9 among Idaho markets by energy costs, with households paying $0.11 per kWh of electricity.

How we ranked the most affordable places in Idaho

We evaluated 47 zip codes in Idaho with a population over 10,000 on nine metrics. We then assigned each market an Affordability Score based on its weighted and combined rankings. 

✍️ Editor’s note: Our Affordability Score identifies the most affordable places in a state by zip code.

Often the zip code we identify will represent an entire city or portion of a city. 

Occasionally the zip code we identify will encompass an area that includes one or more small towns. In these cases, the data we’ve gathered applies to the entire zip code, not just the single town we’re using to help identify the zip code's location. 

If you’re looking to move to one of these affordable places, we recommend doing additional research to make sure the costs in the area — and the quality of life it offers — meet your specific needs.

Methodology: What is an Affordability Score?

Our proprietary Affordability Score is a score on a scale of 0 (worst in state) to 100 (best in state) that estimates the affordability of a particular zip code. It takes into account these key data points for each zip code.

  • Median home value: The median home value for each zip code comes from the Zillow Home Value Index. The lower the median home value relative to the median value in Idaho, the higher our score on this component. We assign a weight of 23.8% to median home value.
  • Home affordability ratio. The home affordability ratio is the typical median home value divided by the median household income in the zip code, which reveals the number of years of household income needed to afford a home in that zip code. A lower ratio is better because it means more households can afford a home. The data comes from the Zillow Observed Rent Index and the U.S. Census American Community Survey. We assign a weight of 23.8% to the home affordability ratio.
  • Home value five-year change: The home value five-year change is the amount that the median home value in the zip code has risen or fallen during the last five years. Our data comes from the Zillow Home Value Index. We assign a weight of 4.8% to the home value five-year change.
  • Home value one-year forecast: The home value one-year forecast comes from Zillow Forecast data. It projects how much home values in the zip code are forecasted to change in the next year. We assign a weight of 4.8% to the home value one-year forecast.
  • Rental costs. The rental costs are the observed rents in the zip code, sourced from the Zillow Observed Rent Index. The index includes "listed rents that fall into the 40th to 60th percentile range for all homes and apartments in a given region." We assign a weight of 11.9% to rental costs. 
  • Median household income: The inflation-adjusted median household income figures for the zip code comes from the U.S. Census American Community Survey. We assign a weight of 4.8% to median household income.
  • Rent affordability ratio. The rent affordability ratio is the ratio of rental costs divided by median household income, which provides the percentage of household income needed to pay a typical month’s rent in the zip code. The data comes from the Zillow Observed Rent Index and the U.S. Census American Community Survey. We assign a weight of 11.9% to the rent affordability ratio.
  • Property taxes: The property tax figures are the median real estate taxes paid in the zip code, sourced from the U.S. Census American Community Survey. The lower the property tax rate relative to the Idaho average, the higher our score on this component. We assign a weight of 7.1% to property taxes. 
  • Energy costs: The energy costs are the costs of a kilowatt hour (kWh) of residential electricity in the zip code, sourced from the U.S. Department of Energy. The lower the cost of electricity relative to the Idaho average, the higher our score on this component. We assign a weight of 7.1% to energy costs.  

Article Sources

[1] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[2] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[3] Zillow Home Value Forecast – "Zillow Home Value Forecast". Updated April 30, 2024.
[4] Zillow Observed Rent Index – "Zillow Observed Rent Index". Updated April 30, 2024.
[5] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[6] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[7] National Renewable Energy Laboratory, U.S. Department of Energy – "National Renewable Energy Laboratory, U.S. Department of Energy". Updated April 6, 2024.
[8] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[9] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[10] Zillow Home Value Forecast – "Zillow Home Value Forecast". Updated April 30, 2024.
[11] Zillow Observed Rent Index – "Zillow Observed Rent Index". Updated April 30, 2024.
[12] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[13] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[14] National Renewable Energy Laboratory, U.S. Department of Energy – "National Renewable Energy Laboratory, U.S. Department of Energy". Updated April 6, 2024.
[15] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[16] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[17] Zillow Home Value Forecast – "Zillow Home Value Forecast". Updated April 30, 2024.
[18] Zillow Observed Rent Index – "Zillow Observed Rent Index". Updated April 30, 2024.
[19] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[20] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[21] National Renewable Energy Laboratory, U.S. Department of Energy – "National Renewable Energy Laboratory, U.S. Department of Energy". Updated April 6, 2024.
[22] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[23] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[24] Zillow Home Value Forecast – "Zillow Home Value Forecast". Updated April 30, 2024.
[25] Zillow Observed Rent Index – "Zillow Observed Rent Index". Updated April 30, 2024.
[26] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[27] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[28] National Renewable Energy Laboratory, U.S. Department of Energy – "National Renewable Energy Laboratory, U.S. Department of Energy". Updated April 6, 2024.
[29] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[30] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[31] Zillow Home Value Forecast – "Zillow Home Value Forecast". Updated April 30, 2024.
[32] Zillow Observed Rent Index – "Zillow Observed Rent Index". Updated April 30, 2024.
[33] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[34] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[35] National Renewable Energy Laboratory, U.S. Department of Energy – "National Renewable Energy Laboratory, U.S. Department of Energy". Updated April 6, 2024.
[36] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[37] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[38] Zillow Home Value Forecast – "Zillow Home Value Forecast". Updated April 30, 2024.
[39] Zillow Observed Rent Index – "Zillow Observed Rent Index". Updated April 30, 2024.
[40] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[41] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[42] National Renewable Energy Laboratory, U.S. Department of Energy – "National Renewable Energy Laboratory, U.S. Department of Energy". Updated April 6, 2024.
[43] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[44] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[45] Zillow Home Value Forecast – "Zillow Home Value Forecast". Updated April 30, 2024.
[46] Zillow Observed Rent Index – "Zillow Observed Rent Index". Updated April 30, 2024.
[47] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[48] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[49] National Renewable Energy Laboratory, U.S. Department of Energy – "National Renewable Energy Laboratory, U.S. Department of Energy". Updated April 6, 2024.
[50] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[51] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[52] Zillow Home Value Forecast – "Zillow Home Value Forecast". Updated April 30, 2024.
[53] Zillow Observed Rent Index – "Zillow Observed Rent Index". Updated April 30, 2024.
[54] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[55] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[56] National Renewable Energy Laboratory, U.S. Department of Energy – "National Renewable Energy Laboratory, U.S. Department of Energy". Updated April 6, 2024.
[57] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[58] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[59] Zillow Home Value Forecast – "Zillow Home Value Forecast". Updated April 30, 2024.
[60] Zillow Observed Rent Index – "Zillow Observed Rent Index". Updated April 30, 2024.
[61] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[62] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[63] National Renewable Energy Laboratory, U.S. Department of Energy – "National Renewable Energy Laboratory, U.S. Department of Energy". Updated April 6, 2024.
[64] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[65] Zillow Home Value Index – "Zillow Home Value Index". Updated April 30, 2024.
[66] Zillow Home Value Forecast – "Zillow Home Value Forecast". Updated April 30, 2024.
[67] Zillow Observed Rent Index – "Zillow Observed Rent Index". Updated April 30, 2024.
[68] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[69] U.S. Census American Community Survey – "U.S. Census American Community Survey". Updated December 7, 2023.
[70] National Renewable Energy Laboratory, U.S. Department of Energy – "National Renewable Energy Laboratory, U.S. Department of Energy". Updated April 6, 2024.

Authors & Editorial History

Our experts continually research, evaluate, and monitor real estate companies and industry trends. We update our articles when new information becomes available.

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area
If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.