Rockford Bay boasts highest home values in Idaho

Idaho, located in the United States, has undergone significant economic and demographic changes over the past 50 years. An analysis of 236 cities classified as 'places' by the Census Bureau has been conducted to determine the wealthiest cities in the state based on various financial metrics. This analysis considers median household income, mean household income, median home value, and median property taxes paid to create a comprehensive ranking of the richest cities. The findings reveal that Rockford Bay ranks as the wealthiest, with remarkable property values and income figures. Rockford Bay, a census-designated place (CDP) situated on the western shores of Lake Coeur d'Alene, boasts median household income of $125,625, which is the second highest in Idaho. The average household income in Rockford Bay surpasses $199,000, indicative of the area's affluence. Furthermore, the median home value is recorded at an astonishing $981,300, placing it at the top of the list of the highest-valued properties in the state. Despite the high property values, property taxes in Rockford Bay are notably less than in some of the other wealthiest areas. The second richest area, Hidden Springs, has a median household income of $159,439, which is the highest in Idaho and a median property tax payment of $4,238. However, its median home value of approximately $300,000 less than that of Rockford Bay highlights the disparity among the wealthiest areas. Hidden Springs further distinguishes itself with an average household income of $199,589. While its property values and taxes remain competitive, it ultimately ranks just below Rockford Bay. Sun Valley, a renowned resort town, ranks third among the richest areas in Idaho. With a median household income of $82,045 and a significant median home value of $845,600, Sun Valley serves as a notable destination despite its lower income compared to Rockford Bay and Hidden Springs. Interestingly, Sun Valley’s property taxes are higher than those in Rockford Bay, recorded at $5,402 annually. This trend highlights the dynamics of affluent communities where taxation may not always align with income levels. These findings depict Idaho's changing financial landscape and underscore the wealth accumulation in specific cities, reflecting broader economic changes in the region.