The U.S. population grew at an estimated rate of 0.1% between July 2020 and July 2021, according to the Census Bureau. But in Idaho, which topped the list of states whose population grew the fastest, residents increased by 2.9%.
The influx of new residents in the state, fueled largely by domestic migration, added pressure to home prices. Idaho’s median November listing price was 19% higher year over year, according to Realtor.com, more than double the national median.
In Idaho’s two largest metropolitan areas, Boise and Coeur D’Alene, listing prices grew 16% and 44%, respectively.
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