The real estate market in Idaho Falls, Idaho, has been booming in recent years, and for good reason. This city, located in the southeastern part of the state, offers a unique combination of affordability, access to outdoor recreation, and a growing job market. Compared to other nearby cities like Boise and Twin Falls, as well as surrounding states like Utah, Nevada, Washington, and California, investing in a new home build in Idaho Falls makes a lot of sense.
One of the primary reasons to consider building a new home in Idaho Falls is the affordability of the market. According to Zillow, the median home value in Idaho Falls is currently $276,031, which is well below the median home value in Boise ($513,727) and Twin Falls ($280,136). This means that for the same amount of money, homebuyers can get more for their investment in Idaho Falls.
Another advantage of investing in Idaho Falls is the access to outdoor recreation. The city is situated in close proximity to some of the most beautiful natural landscapes in the country, including Yellowstone National Park, Grand Teton National Park, and the Grand Canyon of the Snake River. This makes it an ideal location for those who love hiking, camping, fishing, and other outdoor activities. Additionally, the city has a thriving local culture with an abundance of restaurants, shops, and entertainment options.
In terms of the job market, Idaho Falls is home to a number of major employers, including the Idaho National Laboratory, Eastern Idaho Regional Medical Center (EIRMC), and Melaleuca, a health and wellness company. These companies provide a stable source of employment opportunities, which can make investing in a new home a more attractive option for those looking to relocate or start a new career.
Compared to other nearby states, investing in a new home build in Idaho Falls makes sense due to the state’s tax-friendly policies. Idaho has one of the lowest tax burdens in the country, with no state income tax and low property taxes. This can be a significant advantage for those who are looking to save money on their overall cost of living.
When compared to nearby cities and states, it is clear that investing in a new home build in Idaho Falls is an attractive option for many. With its affordability, access to outdoor recreation, growing job market, and tax-friendly policies, this city has a lot to offer. If you are considering building a new home, be sure to consider the advantages of investing in a new build from MDS Homes.
