Fruitland ID Market Trends for July 2019

Posted by Jeffery Sweet on Thursday, August 1st, 2019 at 10:35am

Fruitland ID Market Trends for July 2019The city of Fruitland, Idaho is famous not only because of its seemingly omnipresent fruit orchards but also because of its capability to cater to all the needs of the people in the community. Situated in the wonderful Payette County, specifically along the US Route 95 in the Treasure Valley, it is known as one of the best places to live in the state, offering diverse and friendly neighborhoods, competitive schools, and great public facilities. No wonder why there are many people seeking real estate properties for sale in the city.

Fruitland ID Real Estate Market Trends for July 2019

Fruitland has a population of 5,234 and has been increasing steadily for the past few years. In 2016, the population was recorded to be 4,967 which grew 1.91% to 5,062 in 2017. The number of households is at 1,940, which actually encompasses 82% of the total number of homes in the city and are privately owned. This is a significant increase from the 78.3% homeownership rate in 2016 and a lot higher than the national homeownership average rate of 63.9%. This trend is believed to continue, with Fruitland expecting to grow its community for the years to come. There are 42 homes for sale in Fruitland, most of which have 2-4 bedrooms and 1-3 bathrooms. The average listing price of these properties is $246,529, with a -13% week-over-week average listing price drop. This is relatively lower compared to those of other cities in Idaho, like Caldwell and Kuna. It goes to show that Fruitland offers some of the most affordable listings of for-sale houses in the state.

Fruitland ID Distressed Property Report

If you want to get the best value for your money, you can look into Fruitland’s distressed properties for sale. These are way cheaper compared to other properties or houses being sold by the owner. Currently, there are 7 listed houses, with 5 of them being listed as under foreclosure and 2 of them, for pre-foreclosure. The foreclosure rate in Fruitland is 0.01% lower compared to the national foreclosure rate. The whole Payette County is looking at a foreclosure rate of 1 in every 4,632 properties as of May 2019, while the foreclosure rate of entire Idaho is 1 in every 10,017 units.

Fruitland ID Demographics and Crime Statistics

With Fruitland’s current population, 30% percent are college graduates. 2,130 workers are employed by the city to work in various industries, such as manufacturing, finance, healthcare, trade, and a lot more. Fruitland’s median annual household income is $50,673, which is considerably higher than the $47,875 median annual household income of the city in 2016. However, this figure is significantly less than the median annual income of the other states, which is $60,336. Nevertheless, this shows that most people have a steady source of income and can afford to live in the city, which is also the reason why the crime rate is low. Fruitland’s overall crime rate is 69.43% lower than the national average crime rate, with violent crime and property crime 71.57% and 64.45%, respectively, lower than the national average. These numbers support the claims that Fruitland is indeed one of the safest and most livable places to live in the US.

More About Fruitland ID Real Estate

Known as the Big Apple of Idaho, Fruitland remains to have the richest soil not only for various crops but also for booming businesses. D.L. Evans Bank has recently established a permanent branch in the city after six long years of planning and development. Moreover, the biggest private employer in the city, Woodgrain Millwork, has already ventured into plastic coated lumber production. The company is constantly on the lookout for skills relevant to fields, such as manufacturing, information systems management, engineering, accounting, finance, and sales. The developments in Fruitland are definitely good news for the locals as they mean more opportunities to open. Now, if you are considering to be the city’s newest resident, start looking for houses for sale now and take advantage of these opportunities! Contact us now and seek professional help from the leading real estate brokerage in Idaho, Sweet Group Realty, to find your next home in this wonderful city.

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