Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 12,702, 4,146 total housing units (homes and apartments), and a median house value of $308,068, Blackfoot real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Blackfoot, accounting for 76.91% of the city's housing units. Other types of housing that are prevalent in Blackfoot include duplexes, homes converted to apartments or other small apartment buildings ( 11.72%), large apartment complexes or high rise apartments ( 4.46%), and a few mobile homes or trailers ( 3.90%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Blackfoot. Owner-occupied housing accounts for 65.95% of Blackfoot's homes, and 58.42% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Blackfoot's housing was primarily built during this period, from the '40s through the '60s. A full 35.94% of the city's housing hails from this era. Other housing ages represented in Blackfoot include homes built between 1970-1999 ( 31.50%) and housing constructed before 1939 ( 16.43%). There's also some housing in Blackfoot built between 2000 and later ( 16.13%).
In the last 10 years, Blackfoot has experienced some of the highest home appreciation rates of any community in the nation. Blackfoot real estate appreciated 135.39% over the last ten years, which is an average annual home appreciation rate of 8.94%, putting Blackfoot in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Blackfoot definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Blackfoot appreciation rates have trailed the rest of the nation. In the last twelve months, Blackfoot's appreciation rate has been 1.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Blackfoot were at 3.02%, which equates to an annual appreciation rate of 12.64%.
Importantly, this makes Blackfoot one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Idaho, our data show that Blackfoot's latest annual appreciation rate is lower than 60% of the other cities and towns in Idaho.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Blackfoot differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Blackfoot - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Blackfoot real estate investment or home purchase decisions.
$308,068
for Idaho
for nation
4,146
$1,240 / per month