ZIP Code Market Report
83401 — Idaho Falls, ID
Data through February 2026 · Updated monthly
Avg Home Value
$399,547
▲ 0.4% year-over-year
Month-over-Month
-0.3%
▼ 0.3%
Single Family
$400,497
Condo / Co-op
$228,063
The average home value in the 83401 ZIP code (Idaho Falls, Idaho) is $399,547 as of February 2026. Home prices are stable, up 0.4% compared to last year.
A 3-bedroom home in 83401 is valued at $363,579. Single-family homes average $400,497, while condos average $228,063.
The market in 83401 has a $251,942 spread between bottom-tier homes at $296,404 and top-tier homes at $548,347. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 83401 ZIP code will decrease 0.3% over the next 12 months, bringing the projected average to approximately $398,348. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Bonneville County market area in Idaho. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Bonneville County report.
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Market Snapshot
83401 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $401,695 | $400,888 | $399,547 | ▼ 0.5% |
| Single Family Value | $396,906 | $398,830 | $400,497 | ▲ 0.9% |
Home Values
83401 Home Value Trend
Historical home values for ZIP code 83401. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 83401
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $253,593 |
| 3 Bedrooms | $363,579 |
| 4 Bedrooms | $387,261 |
Property Types
Home Values by Property Type in 83401
How different property types compare in this ZIP code.
All Homes
$399,547
Single Family
$400,497
Condo / Co-op
$228,063
Bottom Tier
$296,404
Top Tier
$548,347
Forecast
12-Month Home Value Forecast for 83401
Zillow projects home values in 83401 will decrease 0.3% over the next year, reaching approximately $398,348.
Current Value
$399,547
Projected Change
-0.3%
▼ 0.3%
Projected Value
$398,348
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 83401 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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