The story of this market
The typical home in ZIP 83246 sells for about $425,000, or $265 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 83246 — Lava Hot Springs
The housing market in 83246 is currently characterized by low inventory and slow sales velocity, typical of a small, tourism-dependent rural market. Prices have seen modest year-over-year growth, but the limited number of transactions makes the market sensitive to individual listing activity. Buyers are primarily looking for vacation homes or lifestyle changes, while high mortgage rates continue to constrain the local purchasing power.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking a quiet, small-town lifestyle, as well as investors interested in the short-term vacation rental market.
Median prices moved up 3.5% year over year.
Homes spend a median of 88 days on market with 9.2 months of supply — a slower-moving 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 3.8% · poverty 9.5% — 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 9.7%/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 83246, Bannock County ID
Crime rates in Lava Hot Springs are generally low, consistent with small-town rural Idaho, and are not considered a significant concern for residents.
The area is served by the Marsh Valley Joint School District, which provides standard public education for the region.
The area faces moderate wildfire risk common to the Intermountain West and localized flood risks near the Portneuf River.
Economic momentum is driven primarily by tourism related to the natural hot springs, with limited large-scale industrial or corporate 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).
Commuting is primarily by personal vehicle, with most residents traveling to Pocatello or Soda Springs for employment.
The area is anchored by the Lava Hot Springs Foundation hot pools, nearby hiking trails, and access to the Portneuf River for seasonal recreation.
The rental market is heavily influenced by seasonal tourism and short-term rental demand, leading to limited long-term housing availability.
The local economy is heavily reliant on the tourism and hospitality sectors, with secondary support from regional agriculture and services in nearby Pocatello.
Public transit is non-existent; the area relies on highway access via US-30 for regional connectivity.
Development is strictly limited by geography and zoning, focusing on small-scale residential and tourism-related commercial improvements.
Bannock County Assessor maintains property valuations based on annual market analysis and physical inspections.
Parcels are subject to Marsh Valley Joint School District taxes and various local fire and water district assessments.
Insurance premiums are rising due to regional wildfire risk and the increasing cost of construction materials in rural Idaho.
Data retrieved from US Census Bureau 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.
World-famous natural hot mineral pools and Olympic swimming complex.
Popular for summer tubing and seasonal fishing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.