Idaho Home Prices Skyrocket
Idaho has recorded the fastest home price growth in the United States over the past decade, according to Zillow data analyzed. From 2015 to 2025, the state’s home values climbed 156%, leading the nation in housing appreciation.
While Idaho does not have the most expensive homes overall, it has experienced the sharpest increase. This surge has pushed the state into the top 15 for average home costs.
Western States Dominate Housing Growth
Idaho is not alone in its rapid housing market escalation. Four other states follow closely behind:
- Utah
- Washington
- Florida
- Nevada
Each of these states experienced their steepest price hikes in the year after the COVID-19 pandemic began, with Idaho’s market jumping 29% from 2021 to 2022.
Market Impact and Mortgage Rates
High home prices and mortgage rates have cooled Idaho’s summer buying season. The average 30-year fixed mortgage sits at 6.72%, nearly identical to last year, according to Freddie Mac.
Federal Reserve Chair Jerome Powell recently confirmed that interest rates remain unchanged despite calls from the president to lower them. Lower rates could reduce monthly payments and help buyers re-enter the market.
Outlook for Buyers and Sellers
While housing price growth has slowed since its pandemic peak, Idaho’s market remains historically high. Real estate professionals are watching mortgage trends closely to see if easing rates could spur more sales in late 2025.
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