Much like its surrounding areas, it's a bit less expensive compared to the nation as a whole.
Home prices
Idaho Falls's median home cost is $164,500. In comparison to nearby areas it is roughly $3,833 (2%) lower.In comparison to the nation as a whole it is roughly $53,000 (24%) lower.
Rents
The median rent in Idaho Falls is $776 a month. Compared to other places in this area it is roughly $109 (12%) lower.It is approximately $286 (26%) lower in comparison to the nation as a whole.
Nearby places
Ammon
Ammon is Idaho Falls's neighbor to the east. The real estate prices there are somewhat more expensive. The median home in Ammon costs $199,400, which comes out to $34,900 (17%) higher than Idaho Falls. The rent there is a little more expensive. In Ammon the median rent is $903 per month, which works out to $127 (14%) higher than Idaho Falls.
Lincoln
Lincoln is approximately 3 miles northeast from Idaho Falls. The housing prices there are similar. The median home in Lincoln costs $158,800, which is $5,700 (3%) lower than Idaho Falls. The rent there is a bit more expensive. Lincoln's median monthly rent is $918, which comes out to $142 (15%) higher than Idaho Falls.
Iona
Iona is approximately 5 miles northeast of Idaho Falls. Its real estate prices are somewhat more expensive. The median home in Iona is valued at $210,300, which is $45,800 (21%) higher than Idaho Falls. Rents there are a lot more expensive. In Iona the median monthly rent is $1,146, which is $370 (32%) higher than Idaho Falls.
Ucon
Ucon is roughly 7 miles northeast of Idaho Falls. Housing prices there are a little less expensive. The median home in Ucon costs $149,700, which is $14,800 (9%) lower than Idaho Falls. The rent there is similar. Ucon's median monthly rent is $778, which is very similar to Idaho Falls.
Shelley
Shelley is roughly 7 miles southwest of Idaho Falls. Its real estate prices are somewhat less expensive. The median home in Shelley costs $155,300, which works out to $9,200 (5%) lower than Idaho Falls. The rent there is pretty similar. The median monthly rent in Shelley is $759, which is $17 (2%) lower than Idaho Falls.
Basalt
Basalt is about 12 miles southwest of Idaho Falls. Real estate prices there are somewhat less expensive. Basalt's median home price is $136,500, which comes out to $28,000 (20%) lower than Idaho Falls. The rent there is similar. Basalt's median monthly rent is $806, which is $30 (3%) higher than Idaho Falls.