Twin Falls, Idaho Housing Market

What stands out in Twin Falls?

• Asking price per square foot is up 4.5% on the year: among the fastest-rising asking prices per square foot of 765 tracked cities. Sellers will price off recent gains. Comp carefully.

Are Twin Falls price gains broad or limited to a few ZIP codes?

Asking price per square foot in Twin Falls is up 4.5% over the last year. Over five years the pace has been 3.8% a year. Underwrite closer to that than to the last twelve months.

Is housing keeping up with Twin Falls's growth?

The population in Twin Falls's ZIP codes grew 10.9% over five years, faster than 87% of the cities we track. Households (+12.7%) grew faster than housing (+11.4%). Demand is outrunning supply. Homes for sale are 2% below 2017–2019 at this time of year.

Is now a good time to buy in Twin Falls?

Asking prices are at their highest point on record. You are buying at the top. Underwrite it that way. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Twin Falls prices have risen in 99 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

How does Twin Falls compare with other Idaho markets?

Ranked among the 9 Idaho markets we track:

• Asking price: 3rd cheapest of 9. Twin Falls is at $467,725. Closest: Idaho Falls and Nampa.
• Time on market: 4th longest time on market of 9. Twin Falls is at a median of 73 days on market. Closest: Pocatello and Sandpoint.
• Price cuts: 5th most price cuts of 9. Twin Falls is at 20% of sellers cutting. Closest: Caldwell and Sandpoint.

Who will rent from you in Twin Falls?

In Twin Falls, 33 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 35 in 100. Renter households average 2.3 people. Two and three bedrooms fit the typical renter.

The median Twin Falls household earns $62,647 a year. Incomes here have grown 3.6% a year since 2019. Incomes and home prices are rising in step. A typical home costs 7.5 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. At 30% of income, a tenant on the median income can pay about $1,566 a month.

To see what one Twin Falls address would rent for and cash flow, run it through the app.

How much can you negotiate in Twin Falls?

Pending-sale counts for Twin Falls were thinly reported until recently, so this page reads demand from how long listings stay on the market, how many sellers cut, and how much is for sale. About 1 in 5 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

Twin Falls listings spend a median 73 days on the market. That is 20% longer than a year ago. There are 266 homes for sale in Twin Falls. That is 8.1 times the tightest month on record, but below the peak of 329. Supply is shrinking against last year.

What to do about it

• Judge each listing on its own.
• Homes listed 90+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

What numbers should you underwrite a Twin Falls deal with?

• Price growth to assume — +3.8%/yr. Twin Falls grew 9.2% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Twin Falls grows about 3.8% a year. That is the number to type in. Prices rose 4.5% over the last year. Use it for timing. The five-year rate is the better guide.
• Months of carrying cost — 3. Budget at least 73 days of holding costs, the current median time on market, when you exit or refinance. That is 20% longer than a year ago.
• Comp on price per square foot — $258/sqft. The typical Twin Falls listing shrank from 2,134 to 1,957 sqft since Jul 2016. So median price hides real growth: 139% per sqft versus 111% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — -11%. Homes for sale in Twin Falls are down 11% on last year, so your resale faces less competition than today's comps did.

Read cash flow versus appreciation and how we read these numbers, then run the numbers on a deal.

What is the median home price in Twin Falls?

The median asking price in Twin Falls is about $468,000 as of Sep 2026, up 4.1% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Twin Falls figures cover the 2 ZIP codes with a Twin Falls mailing address, which can reach past city limits.

Is Twin Falls a buyer's or seller's market in 2026?

Neither side has the upper hand in Twin Falls right now. We compare Twin Falls with 2017–2019 at this time of year: listings spend 58% more days on the market; 20% of sellers have cut their price, against 24% then; there are 2% fewer homes for sale.

Are Twin Falls home prices going up or down?

Asking prices are at their highest point on record. You are buying at the top. Underwrite it that way. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.

What is the best month to buy a house in Twin Falls?

Across 9 full years, Twin Falls asking prices ran lowest in January, about 4.4% below the year's average. They peaked in December. The most homes for sale show up in September, about 20% above the yearly average.

What price growth should I assume for Twin Falls?

Assume +3.8% a year. Twin Falls grew 9.2% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Twin Falls grows about 3.8% a year. That is the number to type in. Prices rose 4.5% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in Twin Falls?

HUD's fiscal year 2026 fair market rent for Twin Falls County is $1,284 a month for 2 bedrooms and $1,786 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.