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 3,553, 1,828 total housing units (homes and apartments), and a median house value of $1,143,003, Ketchum house prices are not only among the most expensive in Idaho, Ketchum real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Ketchum, accounting for 37.38% of the city's housing units. Other types of housing that are prevalent in Ketchum include large apartment complexes or high rise apartments ( 31.30%), duplexes, homes converted to apartments or other small apartment buildings ( 27.83%), and a few row houses and other attached homes ( 3.49%).
Dwellings in Ketchum tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.80% of the homes in Ketchum have two or fewer bedrooms.
There is a lot of housing in Ketchum built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ketchum built between 2000 and later ( 21.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.82%). There's also some housing in Ketchum built before 1939 ( 1.34%).
A decent proportion of the Ketchum housing stock is seasonally occupied. That is, homes and condos in Ketchum are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Ketchum housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Ketchum has experienced some of the highest home appreciation rates of any community in the nation. Ketchum real estate appreciated 131.85% over the last ten years, which is an average annual home appreciation rate of 8.77%, putting Ketchum in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ketchum 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, Ketchum appreciation rates have trailed the rest of the nation. In the last twelve months, Ketchum's appreciation rate has been 4.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ketchum were at 3.02%, which equates to an annual appreciation rate of 12.64%.
Importantly, this makes Ketchum 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 Ketchum's latest annual appreciation rate is higher than 50% of the other cities and towns in Idaho.
$1,143,003
for Idaho
for nation
1,828
$2,147 / per month