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 a population of 1,788, 634 total housing units (homes and apartments), and a median house value of $1,143,003, Sun Valley house prices are not only among the most expensive in Idaho, Sun Valley real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Sun Valley, accounting for 39.90% of the city's housing units. Other types of housing that are prevalent in Sun Valley include large apartment complexes or high rise apartments ( 30.67%), duplexes, homes converted to apartments or other small apartment buildings ( 26.41%), and a few row houses and other attached homes ( 3.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sun Valley. Owner-occupied housing accounts for 75.58% of Sun Valley's homes, and 49.16% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Sun Valley 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 Sun Valley built between 1940-1969 ( 11.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.30%).
A decent proportion of the Sun Valley housing stock is seasonally occupied. That is, homes and condos in Sun Valley are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Sun Valley housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Sun Valley has experienced some of the highest home appreciation rates of any community in the nation. Sun Valley real estate appreciated 137.53% over the last ten years, which is an average annual home appreciation rate of 9.04%, putting Sun Valley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sun Valley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Sun Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Sun Valley's appreciation rate has been 5.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sun Valley were at 3.02%, which equates to an annual appreciation rate of 12.64%.
Importantly, this makes Sun Valley 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 Sun Valley's latest annual appreciation rate is higher than 70% of the other cities and towns in Idaho.
$1,143,003
for Idaho
for nation
634
$2,397 / per month