Sell Your Commercial Property In Idaho Falls, ID

Who rents in Idaho Falls

Idaho Falls has 8,855 renter households, 35.8% of its 24,728 occupied homes, in ACS 2020-2024 table B25003. Bonneville County's renter share is 28.3% and Idaho's is 27.9%. Idaho Falls holds 70.9% of the county's 12,487 renter households and 67,725 of its 129,523 residents, 52.3%.

Idaho National Laboratory anchors demand. Battelle Energy Alliance, the lab's operator, sits in the 5,000-plus band of the Idaho Department of Labor's 2025 top-employer list. INL's FY2024 economic impact summary reports about 6,300 positions, up 6.4% in a year.

Hospitals add a second tenant group. Eastern Idaho Regional Medical Center is listed at 1,000 to 2,499 employees in the same Labor Department table. The city's budget book also names Idaho Falls Community Hospital among its top employers.

Rents and affordability

Median gross rent in Idaho Falls was $1,075 in ACS 2020-2024, below Bonneville County's $1,133 and Idaho's $1,238. Median household income was $73,110 in the city and $79,068 countywide. About 40.8% of Idaho Falls renter households pay 30% or more of income on housing, and 16.5% pay 50% or more. Countywide those shares are 37.3% and 15.1%, and statewide 43.4% and 19.0%.

A year of median rent in Idaho Falls is $12,900, which equals 17.6% of the city's median household income. The burden shares count renter households only, so they describe tenants more closely than the all-household median does.

HUD's FY2027 fair market rents for the Idaho Falls, ID HUD Metro FMR Area took effect October 1, 2026:

Source: HUD FMR documentation. The two-bedroom figure is $199 above the all-unit median gross rent, which blends every unit size and age.

The apartment stock

Idaho Falls has 3,798 homes in buildings of five or more units, 14.3% of its 26,531 housing units, per table B25024. Bonneville County's share is 10.3%, so Idaho Falls holds 78.0% of the county's 4,872 such homes. Idaho Falls has 17,007 detached houses, 64.1% of its stock, against 70.3% countywide in Bonneville County.

The size mix is led by small buildings: 1,587 homes sit in 5-9 unit buildings and 832 in 10-19 unit buildings. Another 722 are in 20-49 unit buildings and 657 in buildings of 50 or more, the largest-scale product in the city. Buildings of two to four units add 3,550 homes.

That puts 41.8% of the 5+ unit stock in the smallest size band, a useful fact for owners who sell commercial real estate in Idaho Falls, ID. The other 58.2% is in buildings of 10 or more units. Idaho Falls has 8,855 renter households against 3,798 homes in 5+ unit buildings, so many renters live in houses and smaller buildings.

Idaho Falls has a median year built of 1977, and 55.0% of its homes predate 1980, per table B25034. Only 826 homes, 3.1%, date from 2020 or later. Rental vacancy was 4.4% in Idaho Falls and 3.8% in Bonneville County over 2020-2024.

Property taxes in Bonneville County

Bonneville County's urban areas averaged a 0.857% property tax rate on levied amounts in 2025, per the Idaho State Tax Commission. The rural average was 0.393% and the countywide average 0.702%. Anyone planning to sell commercial property in Idaho Falls, ID should model the urban figure.

Idaho Code 63-205 requires real property to be assessed annually at market value as of January 1. A $2,000,000 assessed value times 0.857% gives $17,140 a year. That is an estimate at the urban average, not a parcel's bill.

The rural average of 0.393% would give $7,860 on the same value, and the countywide 0.702% would give $14,040. The $9,280 gap between urban and rural rates shows why the tax code area matters when an owner prices a sale.

The Bonneville County Treasurer explains that a bill equals taxable value times the combined levy of every district in the tax code area. A home in Idaho Falls might sit in the county, the City of Idaho Falls and School District #91.

Owners contest values at the county board of equalization. Idaho Code 63-501A sets the deadline at the fourth Monday of June, and the county assessor's appeal page describes the process.

Landlord rules

Idaho sets deposit, notice and rent rules by state statute. Idaho Code 55-306 is headed "no rent control." It bars a local government from enacting or enforcing an ordinance forcing owners into a program or law that regulates rent, fees or deposits.

Under Idaho Code 6-321, refunds are due within 21 days if the lease sets no time, and within 30 days after surrender in any event. A partial refund needs an itemized signed statement, and wear and tear cannot be charged. When a property changes hands during a tenancy, the new owner owes the deposits, which matters when selling commercial property in Idaho Falls.

For unpaid rent, Idaho Code 6-303 requires three days' written notice demanding payment or possession. A landlord ends a tenancy at will with written notice of at least one month, per Idaho Code 55-208. Idaho Falls' city code, section 5-11-3, adopted in 2020, bars refusing to rent because of sexual orientation or gender identity.

What this means for an owner

Idaho Falls rewards owners with a clear story: INL and hospital payrolls behind a 35.8% renter share, 4.4% rental vacancy and 1977 median-age buildings. Buyers will price roofs and systems against steady occupancy, then apply a tax rate near 0.857% of value.

Affordability will shape how buyers underwrite rent growth when you sell commercial real estate in Idaho Falls, ID. Annual median gross rent of $12,900 is 17.6% of median household income, yet 40.8% of renter households pay 30% or more of income. Buyers will read those two figures together before they set a rent increase.

If you plan to sell your apartment building in Idaho Falls, start with our cap rate calculator to see how taxes move value. Our seller page explains how we underwrite, and our Idaho Falls apartment development analysis covers new supply. To sell commercial property in Idaho Falls, ID, we buy 5+ unit buildings in Idaho Falls, Ammon, Rigby and Shelley.