The story of this market
The typical home in ZIP 83230 sells for about $450,000, or $215 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 83230
The housing market in 83230 remains stable, supported by consistent demand from the university population and limited inventory. While price growth has moderated compared to previous years, the area continues to see steady interest from buyers looking for affordability relative to larger metros. Current conditions reflect a balanced market with low vacancy pressure.
This area is well-suited for families and university-affiliated individuals seeking a quiet, community-focused environment with access to outdoor recreation.
Median prices moved up 3.5% year over year.
Homes spend a median of 68 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 14.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 83230, Madison County ID
Crime rates in this area remain low and are generally considered safer than the regional average for Madison County.
Schools serving this ZIP are part of the Madison School District, which maintains a solid reputation for academic performance and community involvement.
The area faces moderate risk from winter weather conditions; flood risks are generally low, and standard property insurance is readily available.
Economic momentum is driven by the proximity to Brigham Young University-Idaho and the associated growth in service and education sectors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Idaho) — Homestead Property Tax Exemption: Exempts the lesser of $125,000 or 50% of the market value for assessment purposes from property taxation. Formula: Exemption = min($125,000, 0.50 * Market Value).
Commutes are primarily car-dependent, with most residents traveling to Rexburg for employment and essential services.
Residents have access to local parks, nearby hiking trails in the Caribou-Targhee National Forest, and seasonal outdoor activities like fishing and skiing.
The rental market is influenced by student demand from the university, leading to consistent occupancy rates and moderate rent growth.
The economy is anchored by Brigham Young University-Idaho, with significant support from agriculture and regional healthcare services.
Transportation is primarily via private vehicle; public transit options are limited, focusing on local shuttle services.
Development is focused on expanding residential capacity to accommodate the growing student and faculty population.
The Madison County Assessor manages property valuations, utilizing annual market analysis to determine taxable values.
Parcels are subject to Madison School District taxes and various local fire and emergency service district levies.
Property insurance premiums are stable, though coverage for winter-related damage is a standard consideration for homeowners.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Features walking trails and river access.
A popular 27-hole public course serving the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.