Market Overview
Home Prices in Island Park, ID
The median home value in Island Park, ID is $593,865 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Island Park are priced45% above average. Island Park is part of the Rexburg, ID metro area.
Over the past five years, Island Park home values have risen by approximately26.4%, reflecting strong long-term appreciation in this market.
Price History
Island Park Home Price Trend
City Comparison
Island Park vs. National Median
At $593,865, homes in Island Park cost 45% above the national median of $410,000. Buyers in Island Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Island Park?
20% Down Payment
$118,773
on $593,865
Monthly P&I
$3,097/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,933/mo
incl. taxes & insurance
Income Needed
$157,320
gross annual (30% rule)
10% Down Option
$59,387
+ PMI applies
Loan Amount (20% dn)
$475,092
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Island Park, ID?
The median home value in Island Park is $593,865 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in Island Park?
Over the past year, home values in Island Park have increased by 5.6%. Over five years, prices have risen approximately 26.4%.
How much do I need to earn to buy a home in Island Park?
To comfortably afford the median home price of $593,865 with a 20% down payment ($118,773) at today's rates (6.8%), you'd need a gross annual income of approximately $157,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Island Park compare to the national average home price?
The national median home value is approximately $410,000. At $593,865, homes in Island Park are 45% above the national average.
What metro area is Island Park part of?
Island Park is part of the Rexburg, ID metropolitan area. Home prices and market conditions can vary across the broader metro region.