Blackfoot, ID Housing Market
AI-powered market intelligence for the Blackfoot, ID metro area.
PropertyIQ Scores
Blackfoot, ID Market Analysis
Market Overview
Blackfoot, ID presents a moderate housing market, with a PropertyIQ Score of 69 out of 100. The score is not weak, but it also does not indicate an overheated market. The median home value is $393,991, well below the Idaho state average of $481,825. Meanwhile, median household income is $76,842, slightly above the state benchmark of $74,636. That combination points to relative affordability compared with the rest of Idaho. The unemployment rate is 3.7%, matching the state average exactly.
The score’s top drivers show both strength and cooling. Twelve-month home value momentum is 9.08%, a solid pace of annual growth, but three-month momentum is -0.09%, indicating a recent stall. Median days on market is 64 days, and 15.9% of listings have had a price cut, suggesting buyers have some time and negotiating power. The rent index is $1,039, below the state average of $1,150, and there are 146 homes for sale. Population growth data is not available in this dataset, so demographic momentum cannot be assessed.
Key Trends
One trend is decelerating home value growth. Twelve-month momentum of 9.08% shows meaningful appreciation over the past year, but three-month momentum is -0.09% and the median home value year-over-year change is -$2, essentially flat. This points to cooling after earlier growth.
A second trend is an affordability advantage. Blackfoot’s median home value of $393,991 is $87,834 below the state average of $481,825. With median household income slightly above the state average, local buying power appears stronger relative to home prices.
A third trend is a lower rental market. The rent index of $1,039 is $111 below the state average of $1,150. This supports renter affordability but may reduce rental income potential compared with higher-rent Idaho markets.
A fourth trend is balanced-to-cooling inventory conditions. With 146 homes for sale, a median of 64 days on market, and 15.9% of listings with a price cut, the market is not extremely tight. Buyers have choices, and sellers may need to price competitively.
Who Is This Market For
Blackfoot’s numbers are likely to suit first-time buyers and budget-conscious owner-occupants. The median home value is significantly below the state average, while median household income is slightly above the state benchmark. The unemployment rate equals the state at 3.7%, providing a stable economic backdrop. Buyers priced out of more expensive Idaho markets may find Blackfoot a practical entry point.
The market also fits patient buy-and-hold investors more than short-term flippers. The 12-month home value momentum of 9.08% reflects longer-term appreciation, but the three-month momentum of -0.09% and the -$2 year-over-year change show that short-term price growth has paused. The rent index of $1,039 is below the state average, so rental income may be modest. Still, lower home prices and price cuts on 15.9% of listings could create negotiation opportunities. Move-up buyers may also benefit from 146 homes for sale and a 64-day median marketing time, which allows for less rushed decisions.
Outlook
The near-term outlook for Blackfoot is stable but cooling. The 12-month home value momentum of 9.08% shows prior strength, but the three-month momentum of -0.09%, the -$2 year-over-year change, and the 15.9% share of listings with price cuts indicate flattening conditions. Median days on market of 64 days suggests a deliberate pace rather than a hot seller’s market. Economic fundamentals remain supportive: unemployment matches the state at 3.7%, and household income is slightly above the state average. Population growth data is unavailable, so future demand from migration cannot be measured. Based strictly on the provided data, Blackfoot is likely to remain a moderate market with limited near-term price movement in either direction.
AI-generated analysis based on current market data. Last updated August 19, 2026.
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Blackfoot, ID market data
Blackfoot, ID Housing Market Overview
Blackfoot, ID's median home value is $394K, up 9.1% over the past year. Homes here sell in a median 64 days. Its PropertyIQ Score of 69 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
Understanding the Blackfoot, ID housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this ID metro is set to perform relative to the rest of its state.
Mountain West markets combine outdoor lifestyle appeal with booming tech and remote-work migration. Cities across Colorado, Utah, Arizona, and Nevada have experienced some of the nation's fastest appreciation, though rising interest rates have introduced new dynamics to these previously red-hot markets. Within the Mountain West, Blackfoot, ID's PropertyIQ Score of 69 ranks among the Mountain West's stronger demand signals.
For the Blackfoot, ID market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 9.1% over the past year.
View Blackfoot, ID's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Blackfoot, ID metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Blackfoot, ID a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Blackfoot, ID currently scores 69, a firming-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $394K, up 9.1% over the past year. So whether Blackfoot, ID is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Blackfoot, ID?
Blackfoot, ID's PropertyIQ Score is 69, indicating firming momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 69 places Blackfoot, ID above its state benchmark.
Are home prices in Blackfoot, ID rising or falling?
Home prices in Blackfoot, ID are rising. Over the past year, the median home value increased 9.1%, reaching $394K. Over the latest three months, values slipped 0.1%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Blackfoot, ID's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Blackfoot, ID?
In Blackfoot, ID, homes sell in a median of 64 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 16% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Blackfoot, ID market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.