HousingHandbookReference data

U.S. ZIP Code · ID83338

Jerome County · Twin Falls, ID

Typical home value

$403,703[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.7%
5-year / yr
+6.4%
10-year / yr
+9.2%

Relative price

vs U.S.
+42.1%
vs metro
≈ metro median
vs state
-6.9%
ZIP 83338 location in ID
Location of ZIP 83338 in ID

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 83338 is worth $403,703. Over the past year, values have risen 2.7%. Homes here rent for a typical $1,545 a month — a 4.6% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,545[2]
Gross yield
4.6%[2]
Cap rate
2.8%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$2,588[3]

#Climate risk

FEMA National Risk Index ratings for Jerome County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Very Low[4]
Riverine flood
Very Low
Coastal flood
Not Applicable
Wildfire
Relatively Moderate
Drought
Very Low
Heat wave
Relatively Low
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Very Low
Winter weather
Relatively High

#Who lives here

Population
21,944[3]
Median household income
$72,072[3]

#Migration

Household moves in and out of Jerome County over a year, from IRS tax-return data.

Net migration
-7[5]
Moved in
735
Moved out
742

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
8
Elementary
4
Middle
1
High
2
  • JEROME HIGH SCHOOL

    High · Grades 9–12 · JEROME JOINT DISTRICT

    1,156 students

  • JEROME MIDDLE SCHOOL

    Middle · Grades 6–8 · JEROME JOINT DISTRICT

    972 students

  • HORIZON ELEMENTARY SCHOOL

    Elementary · Grades PK–3 · JEROME JOINT DISTRICT

    646 students

  • SUMMIT ELEMENTARY

    Elementary · Grades 2–5 · JEROME JOINT DISTRICT

    613 students

  • JEFFERSON ELEMENTARY SCHOOL

    Elementary · Grades K–3 · JEROME JOINT DISTRICT

    601 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield4.6%
Net yield (after ~40% expenses)2.8%
Annual rent$18,540

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,041
Loan principal$322,962
Down payment$80,741
Total interest paid$411,920

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.68
Monthly cost to own$2,593
Monthly rent$1,545

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
75th percentile[1]
Rental yield
0th percentile[2]
Property tax
88th percentile[3]

Frequently asked

How much is a home worth in ZIP code 83338?
The typical home in 83338 is worth $403,703, based on the Zillow Home Value Index.
Are home values rising in 83338?
Home values in 83338 are up 2.7% over the past year, and up 6.4% a year over five years.
What is the typical rent in 83338?
A typical home in 83338 rents for about $1,545 a month, a gross rental yield of 4.6%.
What is the property tax rate in 83338?
The effective property tax rate in 83338 is 0.6% — roughly $2,588 a year on a typical home.
Who lives in 83338?
ZIP code 83338 has a population of 21,944 and a median household income of $72,072.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Hazelton, ID

    Typical home
    $402,756
    Gross yield
  • Hagerman, ID

    Typical home
    $409,522
    Gross yield
  • Filer, ID

    Typical home
    $409,894
    Gross yield
  • Buhl, ID

    Typical home
    $379,276
    Gross yield
  • Twin Falls, ID

    Typical home
    $371,045
    Gross yield
    5.1%
  • Hansen, ID

    Typical home
    $367,121
    Gross yield

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