Housing Market Report
Bannock County, ID
Data through February 2026 · Updated monthly
Homes are selling quickly with few price cuts
Avg Home Value
$349,669
▲ 0.1% year-over-year
Days to Pending
61 days
Homes For Sale
364
Avg Rent/Month
$1,073
▲ 3.3% year-over-year
The Bannock County, ID housing market is holding relatively steady. The average home value is $349,669, up 0.1% year-over-year as of February 2026. Homes are spending a median of 61 days on the market before going pending. 0.2% of active listings have had a price cut.
There are currently 364 homes for sale in the county, with 68 new listings hitting the market each month.
The average asking rent in Bannock County is $1,073 per month, up 3.3% year-over-year. For investors, the gross rent multiplier on a median-priced home is approximately 27.1, suggesting this market favors appreciation over cash flow.
For homebuyers, the estimated monthly mortgage payment on a median-priced home in Bannock County with 10% down is $2,170. That is $1,096 more per month than the average rent, making renting the more affordable short-term option. Homes are selling 2.7% above asking price on average, reflecting competitive bidding.
Bottom-tier homes (under the 33rd percentile) are currently valued at $260,385, making them the primary target range for investors looking at wholesale deals, fix-and-flip projects, or BRRRR strategies.
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Market Snapshot
Bannock County Housing Market at a Glance
Key metrics for Bannock County as of February 2026. Year-over-year changes show how the market has shifted in the last 12 months.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $347,500 | $348,602 | $349,669 | ▲ 0.6% |
| Single Family Value | $348,089 | $349,193 | $350,261 | ▲ 0.6% |
| Median List Price | $393,300 | $388,733 | $384,533 | ▼ 2.2% |
| Avg Rent/Month | $1,091 | $1,071 | $1,073 | ▼ 1.6% |
| Homes For Sale | 416 | 387 | 364 | ▼ 12.5% |
| New Listings | 78 | 62 | 68 | ▼ 12.8% |
| % Listings w/ Price Cut | 0.2% | 0.2% | 0.2% | ▼ 29.2% |
Home Values
Bannock County Home Value Trend (2000–2026)
All-home median values including the 2008 housing crash, 2020 COVID surge, and 2022 rate shock. Switch between All Homes, Single Family, Bottom Tier, Top Tier, and Rent to compare trends.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Market Breakdown
What Homes Cost in Bannock County
Home values broken down by bedroom count, ZIP code neighborhood, and property type. 3-bedroom homes are valued at $325,287 in Bannock County. 1-bedroom units start at $204,753.
| Bedroom Count | Avg Value | Last 30 Days | Last Year |
|---|---|---|---|
| 1 Bedroom | $204,753 | ▲ 0.8% | ▲ 4.5% |
| 2 Bedrooms | $241,211 | ▲ 0.3% | ▲ 0.6% |
| 3 Bedrooms | $325,287 | ▲ 0.3% | ▲ 0.1% |
| 4 Bedrooms | $358,961 | ▲ 0.3% | ▲ 0.3% |
| 5+ Bedrooms | $469,812 | ▲ 0.2% | ▲ 0.2% |
The table above reflects average home values and rent in Bannock County, broken down by bedroom count, neighborhoods, and property types. Data sourced from Zillow Research.
Market Tiers
Buyer vs. Investor Segments
Bottom-tier homes (under 33rd percentile) are the primary target for wholesale investors using the 70% rule. In Bannock County, bottom-tier homes are valued at $260,385.
Bottom Tier
Under 33rd percentile
$260,385
▲ 0.8% YoY
Wholesale / investor range
Mid Tier
33rd-67th percentile
$349,669
▲ 0.1% YoY
Typical buyer range
Top Tier
Over 67th percentile
$508,794
Luxury / high-end
Market Activity
Supply, Demand and Pricing Power
How quickly homes are selling, how many are available, and whether sellers or buyers have the upper hand in Bannock County.
Homes For Sale
364
68 new/month
% Listings w/ Price Cut
0.2%
$9,500 median cut
Median List Price
$384,533
Median Sale Price
$395,000
Affordability
Monthly Cost to Own in Bannock County
Estimated mortgage payments on the median-priced home at current rates. Compare against the average rent of $1,073/month to evaluate buy vs. rent.
| Down Payment | Est. Monthly Payment |
|---|---|
| 5% down | $2,719/mo |
| 10% down | $2,598/mo |
| 20% down | $2,124/mo |
Avg rent in this market: $1,073/month · Mortgage estimates based on Zillow data at prevailing rates
Rental Market
Rent Trends in Bannock County
Zillow Observed Rent Index (ZORI) tracks typical asking rent, controlling for quality mix. Rent in Bannock County is up 3.3% compared to last year. At current prices, the price-to-rent ratio is 27.1x annual rent.
Avg Asking Rent
$1,073
Year-over-Year
+3.3%
▲ 3.3%
Month-over-Month
+0.2%
▲ 0.2%
Price-to-Rent Ratio
27.1x
Rent trend (ZORI)
Source: Zillow Research ZHVI / ZORI · Updated monthly
Metro Context
Bannock County vs. Pocatello
How Bannock County compares to the broader Pocatello metropolitan area.
| Metric | Bannock County | Metro Avg |
|---|---|---|
| Avg Home Value | $349,669 | $342,968 |
| Days to Pending | 61 days | -- |
| % Sold Below List | -- | -- |
| Avg Rent/Month | $1,073 | $1,069 |
Nearby Markets
Other Counties in ID
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Data Sources and Methodology
Market data on this page comes from the Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI), updated monthly by Zillow Research. ZHVI measures the typical home value for a given region based on Zillow's proprietary automated valuation model, smoothed and seasonally adjusted to remove noise. ZORI measures the typical observed market-rate rent across the region, controlling for quality mix changes.
Sale price, inventory, days-on-market, and sale-to-list metrics are sourced from Zillow Research public data releases. All data is refreshed on the 17th of each month. This report was last updated February 2026.
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