How much is a home worth in ZIP code 83402?

The typical home in 83402 is worth $366,400, based on the Zillow Home Value Index.

Are home values rising in 83402?

Home values in 83402 are up 1.3% over the past year, and up 4.2% a year over five years.

What is the typical rent in 83402?

A typical home in 83402 rents for about $1,340 a month, a gross rental yield of 4.4%.

What is the property tax rate in 83402?

The effective property tax rate in 83402 is 0.6% — roughly $2,028 a year on a typical home.

ZIP code 83402 has a population of 29,994 and a median household income of $74,517.

HousingHandbookReference data

…

U.S. ZIP Code · ID83402

Bonneville County · Idaho Falls, ID

Typical home value

$366,400^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.3%
5-year / yr: +4.2%
10-year / yr: +9.2%

Relative price

vs U.S.: +29.0%
vs metro: -9.5%
vs state: -15.5%

Price history

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

The typical home in 83402 is worth $366,400 — 9.5% below the Idaho Falls, ID median. Over the past year, values have risen 1.3%. Homes here rent for a typical $1,340 a month — a 4.4% 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: $1,340^[2]
Gross yield: 4.4%^[2]
Cap rate: 2.6%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $2,028^[3]

#Climate risk

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

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

#Who lives here

Population: 29,994^[3]
Median household income: $74,517^[3]

#Migration

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

Net migration: +375^[5]
Moved in: 3,703
Moved out: 3,328

Schools

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

Public schools: 11
Elementary: 7
Middle: 1
High: 2

SKYLINE SENIOR HIGH SCHOOL
High · Grades 9–12 · IDAHO FALLS DISTRICT
1,320 students
EAGLE ROCK MIDDLE SCHOOL
Middle · Grades 7–8 · IDAHO FALLS DISTRICT
746 students
ALTURAS INTERNATIONAL ACADEMY
Elementary · Grades K–5 · ALTURAS INTERNATIONAL ACADEMY INC.
548 students
AMERICAN HERITAGE CHARTER SCHOOL
Other · Grades K–12 · AMERICAN HERITAGE CHARTER SCHOOL INC.
536 students
ETHEL BOYES ELEMENTARY SCHOOL
Elementary · Grades PK–6 · IDAHO FALLS DISTRICT
528 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.

Home value$Monthly rent$

Gross yield4.4%

Net yield (after ~40% expenses)2.6%

Annual rent$16,077

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,853

Loan principal$293,120

Down payment$73,280

Total interest paid$373,858

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.74

Monthly cost to own$2,326

Monthly rent$1,340

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: 64th percentile^[1]
Rental yield: 75th percentile^[2]
Property tax: 93rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 83402?: The typical home in 83402 is worth $366,400, based on the Zillow Home Value Index.
Are home values rising in 83402?: Home values in 83402 are up 1.3% over the past year, and up 4.2% a year over five years.
What is the typical rent in 83402?: A typical home in 83402 rents for about $1,340 a month, a gross rental yield of 4.4%.
What is the property tax rate in 83402?: The effective property tax rate in 83402 is 0.6% — roughly $2,028 a year on a typical home.
Who lives in 83402?: ZIP code 83402 has a population of 29,994 and a median household income of $74,517.

#Comparable ZIPs

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

83443 vs 83402 →
Swan Valley, ID
Typical home
$364,587
Gross yield
—
83454 vs 83402 →
Ucon, ID
Typical home
$351,115
Gross yield
—
83255
Lost River, ID
Typical home
$350,365
Gross yield
—
83450
Mud Lake, ID
Typical home
$398,234
Gross yield
—
83428
Irwin, ID
Typical home
$400,404
Gross yield
—
83431
Lewisville, ID
Typical home
$401,794
Gross yield
—

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#Jump to section

U.S. ZIP Code · ID83402

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