How much is a home worth in ZIP code 83406?

The typical home in 83406 is worth $429,862, based on the Zillow Home Value Index.

Are home values rising in 83406?

Home values in 83406 are down 0.1% over the past year, and up 3.6% a year over five years.

What is the typical rent in 83406?

A typical home in 83406 rents for about $1,746 a month, a gross rental yield of 4.9%.

What is the property tax rate in 83406?

The effective property tax rate in 83406 is 0.5% — roughly $2,273 a year on a typical home.

ZIP code 83406 has a population of 19,696 and a median household income of $86,991.

HousingHandbookReference data

…

U.S. ZIP Code · ID83406

Bonneville County · Idaho Falls, ID

Typical home value

$429,862^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.1%
5-year / yr: +3.6%
10-year / yr: +8.6%

Relative price

vs U.S.: +51.3%
vs metro: +6.2%
vs state: ≈ state median

Price history

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

The typical home in 83406 is worth $429,862 — 6.2% above the Idaho Falls, ID median. Over the past year, values have fallen 0.1%. Homes here rent for a typical $1,746 a month — a 4.9% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent: $1,746^[2]
Gross yield: 4.9%^[2]
Cap rate: 2.9%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $2,273^[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: 19,696^[3]
Median household income: $86,991^[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: 9
Elementary: 6
Middle: 1
High: 1

HILLCREST HIGH SCHOOL
High · Grades 9–12 · BONNEVILLE JOINT DISTRICT
1,207 students
WHITE PINE CHARTER SCHOOL
Other · Grades K–12 · WHITE PINE CHARTER SCHOOL INC.
613 students
SANDCREEK MIDDLE SCHOOL
Middle · Grades 7–8 · BONNEVILLE JOINT DISTRICT
605 students
RIMROCK ELEMENTARY
Elementary · Grades PK–6 · BONNEVILLE JOINT DISTRICT
533 students
WOODLAND HILLS ELEMENTARY
Elementary · Grades PK–6 · BONNEVILLE JOINT DISTRICT
509 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 yield4.9%

Net yield (after ~40% expenses)2.9%

Annual rent$20,946

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$2,174

Loan principal$343,890

Down payment$85,972

Total interest paid$438,612

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 ratio1.56

Monthly cost to own$2,722

Monthly rent$1,746

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: 29th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 86th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for highest rental yield in IDView list →

Frequently asked

How much is a home worth in ZIP code 83406?: The typical home in 83406 is worth $429,862, based on the Zillow Home Value Index.
Are home values rising in 83406?: Home values in 83406 are down 0.1% over the past year, and up 3.6% a year over five years.
What is the typical rent in 83406?: A typical home in 83406 rents for about $1,746 a month, a gross rental yield of 4.9%.
What is the property tax rate in 83406?: The effective property tax rate in 83406 is 0.5% — roughly $2,273 a year on a typical home.
Who lives in 83406?: ZIP code 83406 has a population of 19,696 and a median household income of $86,991.

#Comparable ZIPs

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

83434 vs 83406 →
Menan, ID
Typical home
$428,485
Gross yield
—
83427 vs 83406 →
Iona, ID
Typical home
$436,795
Gross yield
—
83404
Idaho Falls, ID
Typical home
$414,935
Gross yield
4.1%
83444
Roberts, ID
Typical home
$412,398
Gross yield
—
83401
Idaho Falls, ID
Typical home
$404,862
Gross yield
4.2%
83431
Lewisville, ID
Typical home
$401,794
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 83406 against any other ZIP — full side-by-side table.

Compare 83406 →

#Jump to section

U.S. ZIP Code · ID83406

Get more data on ZIPs like this

Get more data on ZIPs like this