Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,216 people, 1,263 houses or apartments, and a median cost of homes of $403,452, Salmon real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Salmon, accounting for 70.18% of the city's housing units. Other types of housing that are prevalent in Salmon include duplexes, homes converted to apartments or other small apartment buildings ( 13.92%), large apartment complexes or high rise apartments ( 10.66%), and a few mobile homes or trailers ( 5.24%).
Dwellings in Salmon tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.70% of the homes in Salmon have two or fewer bedrooms.
There is a lot of housing in Salmon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Salmon built between 1940-1969 ( 18.84%). A lesser amount of the housing stock also hails from before 1939 ( 16.92%). There's also some housing in Salmon built between 2000 and later ( 8.11%).
Vacant housing appears to be an issue in Salmon. Fully 19.35% of the housing stock is classified as vacant. Left unchecked, vacant Salmon homes and apartments can be a drag on the real estate market, holding Salmon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Salmon has experienced some of the highest home appreciation rates of any community in the nation. Salmon real estate appreciated 144.10% over the last ten years, which is an average annual home appreciation rate of 9.33%, putting Salmon in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Salmon definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Salmon's appreciation rate, at 6.08%, has been at or slightly above the national average. In the latest quarter, Salmon's appreciation rate has been 3.02%, which annualizes to a rate of 12.64%.
Importantly, this makes Salmon one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Idaho, our data show that Salmon's latest annual appreciation rate is higher than 80% of the other cities and towns in Idaho.
$403,452
for Idaho
for nation
1,263
$1,206 / per month