The story of this market
The typical home in ZIP 83283 sells for about $400,000, or $215 per square foot.
Prices are up +2.5% 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 $1,250 a month.
ZIP 83283 — Thatcher
The housing market in 83283 is characterized by low inventory and slow turnover, typical of a rural, stable community. Prices have seen modest year-over-year growth, reflecting broader regional trends in Idaho. Market activity remains limited due to the small population base and lack of new development.
This ZIP is best suited for those seeking a rural lifestyle, including families and retirees who prioritize space and affordability over proximity to urban employment centers.
Median prices moved up 2.5% year over year.
Homes spend a median of 88 days on market with 6.0 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 7.8% — 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 8.9%/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 9.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 83283, Franklin County ID
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).
Residents typically rely on personal vehicles for long-distance commutes to regional employment hubs.
The area features access to rural outdoor activities, including hiking and local park spaces.
The rental market is limited with low turnover and primarily consists of single-family housing stock.
The local economy is primarily driven by agriculture and small-scale local services.
Data retrieved via ZCTA-level aggregation for 83283.
Provides basic outdoor recreation and community space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.