The story of this market
The typical home in ZIP 83241 sells for about $349,999, or $135 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 83241 — Grace
The housing market in 83241 remains stable with low inventory and modest price appreciation. Sales volume is constrained by the rural nature of the area, and current conditions reflect a balanced market for local buyers.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing compared to larger Idaho urban centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 92 days on market with 6.0 months of supply — a balanced-paced market.
17% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 9.4% — 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 10.3%/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 10.3%/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 83241, Caribou County ID
The area is served by the Grace Joint School District, which provides primary and secondary education for the local community.
The region is subject to standard rural Idaho wildfire risks and seasonal weather impacts; property insurance availability remains stable.
Economic activity is primarily driven by agriculture and local services, with limited large-scale industrial development.
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 by private vehicle, with most residents traveling to nearby Soda Springs or Pocatello for employment.
The area offers access to outdoor activities including fishing, hunting, and proximity to the Bear River and local park facilities.
The rental market is limited with low turnover and primarily consists of single-family homes.
The local economy is anchored by agricultural production and small-scale commercial services.
Transportation is entirely dependent on personal vehicles with no public transit infrastructure.
No major commercial or residential developments are currently under construction.
Caribou County Assessor manages property valuations for tax purposes.
Parcels are subject to Grace Joint School District and local fire district levies.
Standard rural property insurance coverage is available.
Data retrieved from Census Bureau ZCTA profile 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.
Local community park providing recreational space.
Provides local fishing and outdoor access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.