Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$479,474+3.6% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$103,940About 1.6× the local median income ($66,887): hard to afford
Days on market58 daysFaster than a year ago: sellers have the edge
Next 12 months+3.3%Zillow expects prices to rise slightly
The typical home in Gem County, ID is worth $479,474, up 3.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $427,944, so the area is 12.0% overvalued. It is a buyer's market: homes take about 58 days to sell, listings are up 19% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 3.3% over the next year. A household needs about $103,940 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,887. Typical rent is $1,488 a month, or $1,806 for a house. In the latest IRS figures, 222 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$479,474
Change in 1 year
+3.6%
Overvalued %
+12.0%
Show 7 more
Fair home value
$427,944
Change in 5 years
+8.4%
Zillow forecast, next 12 months
+3.3%
Home value to income
7.2×
Monthly mortgage payment (20% down)
$2,599
Income needed to afford it
$103,940
Property tax rate
0.33%
Rent and investing
Typical rent
$1,488
Typical rent for houses
$1,806
Price-to-rent ratio
26.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,071
Gross rental yield
3.72%
Cap rate (estimate)
2.42%
Market activity
Listings vs a year ago
+18.9%
Days on market
58
Listings with a price cut
23.8%
Show 3 more
Homes for sale
126
Pending sales per 100 listings
26
Asking price per sq ft
$356
People and jobs
Median household income
$66,887
Population change (1 year)
+1.5%
Unemployment rate
3.0%
Show 4 more
Population
21,773
Income adjusted for cost of living
$67,975
Net moves in (IRS)
+222
Cost of living (US = 100)
98.4
Schools, risk and environment
School rating (1 to 10)
3.8
FEMA hazard risk score (0 to 100)
34.4
Flood risk score
35.7
Show 3 more
Wildfire risk score
96.5
Walkability (1 to 20)
6.9
Road, rail and air noise
52 dB
Questions people ask
Is Gem County, ID overvalued?
Home prices in Gem County, ID are well above what local incomes have historically supported: fair value is about $427,944, so the area is 12.0% overvalued.
Is Gem County, ID a buyer's or seller's market?
Gem County, ID is a buyer's market: homes take about 58 days to sell, listings are up 19% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Gem County, ID?
Home values in Gem County, ID are up 3.6% over the last year. Zillow's forecast for the next 12 months is +3.3%.
How much do you need to earn to buy a home in Gem County, ID?
A household needs about $103,940 a year to afford the typical home in Gem County, ID at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,887.