Rexburg, East Idaho Real Estate
A vibrant university town powered by BYU-Idaho, rapid growth, and family-centered neighborhoods.
Rexburg Market Report
Updated directly from the MLS • September 11, 2026
Living in Rexburg
Rexburg is one of East Idaho's fastest-growing communities, anchored by BYU-Idaho. Known for low crime, strong community values, and incredible access to Yellowstone, Rexburg offers great opportunities for home buyers and real estate investors looking for strong appreciation potential or custom builds.
Local Economy
Rexburg's economy is closely tied to Brigham Young University-Idaho, which enrolls tens of thousands of students and is by far the city's largest employer and driver of housing demand. That steady influx of students supports a dense mix of restaurants, retail, and off-campus rental housing, giving Rexburg a much younger population profile than the rest of East Idaho. Agriculture remains important in the surrounding Madison County countryside, particularly seed potatoes and grain, and the city has also attracted some light manufacturing and food-processing employers drawn by the available workforce and the university's steady supply of part-time and seasonal labor. Local businesses in Rexburg tend to cycle with the academic calendar more than in any other East Idaho city, with noticeably busier retail and rental activity when students are in session.
History
Rexburg was settled by Latter-day Saint pioneers in the 1880s and named for Thomas E. Ricks, an early church leader who helped found the community along the upper Snake River. The town grew as an agricultural center for the valley and became home to Ricks College, a two-year institution that expanded into the four-year Brigham Young University-Idaho in 2001, a change that dramatically reshaped the city's size, housing market, and economy almost overnight. Rexburg is also remembered for the 1976 failure of the nearby Teton Dam, a flood that caused significant damage to the town and surrounding farmland before the community rebuilt; that history is still commemorated locally and remains part of the area's identity.
Neighborhoods
Rexburg's neighborhoods range from established residential streets near downtown and the BYU-Idaho campus to newer subdivisions on the city's outskirts, many built to accommodate ongoing student and family housing demand. A few areas to know:
Schools
Rexburg is served by Madison School District 321, which covers the city's public elementary, middle, and high schools, including Madison High School. The presence of Brigham Young University-Idaho gives the city an outsized higher-education footprint for its population size, with a large residential student body that shapes everything from rental housing supply to the local business mix, restaurant scene, and even traffic patterns around the start and end of each semester.
Commute & Getting Around
Rexburg sits just off U.S. Highway 20, connecting south to Idaho Falls in about 25 to 30 minutes and offering direct access toward West Yellowstone and the park's western entrances. Idaho Falls Regional Airport is the closest commercial airport, roughly a 30-minute drive. Most of Rexburg is compact and walkable or a short drive from campus and downtown, though student housing demand keeps the rental market notably tighter during the academic year than over the summer.
Recreation
The Snake River and its tributaries run near town, and the South Fork and Henry's Fork are well known among anglers for fly fishing, drawing visitors from well beyond East Idaho. Rexburg is one of the closer East Idaho cities to Yellowstone's west entrance, and the Teton Valley and Grand Targhee Resort are within an easy drive for skiing, hiking, and mountain biking. In town, the Rexburg Rapids water park and Legacy Flight Museum are popular local attractions, along with the historic Romance Theatre and BYU-Idaho's public events, concerts, and athletic facilities, which give the city a livelier calendar of activities than most towns its size.
Cost of Living
Rexburg's cost of living is shaped significantly by its student population, which keeps rental demand high relative to the town's size, even as overall home prices remain moderate compared to Idaho Falls and much of the rest of the country. Buyers looking at Rexburg often weigh the strong, steady rental demand against the added competition and seasonal swings that come with a large student renter base. See the market snapshot above for current figures.
Zip Codes Served
Popular Property Types
Why Buyers Love Rexburg
- ✓BYU-Idaho Campus & Student Housing
- ✓Rapid appreciation & resale demand
- ✓Proximity to Teton Valley & Yellowstone
- ✓Family-centric master-planned developments
Nearby Cities
Homes for Sale in Rexburg
6 active listings shown
$145,000
TBD Fort Henry Loop
TBD Fort Henry Loop, Rexburg, ID 83440
Valorie
Valorie's List Real Estate Agent
$4,999,000
177 S 4th W
177 S 4th W, Rexburg, ID
Valorie
Valorie's List Real Estate Agent
$3,950,000
35 W 2nd N
35 W 2nd N, Rexburg, ID
Valorie
Valorie's List Real Estate Agent
$3,390,676
5.18 Acres N 2nd E
5.18 Acres N 2nd E, Rexburg, ID 83440
Valorie
Valorie's List Real Estate Agent
$3,160,000
TBD W 2000 N
TBD W 2000 N, Rexburg, ID 83440
Valorie
Valorie's List Real Estate Agent
$2,950,000
4263 W 6800 S
4263 W 6800 S, Rexburg, ID 83440
Valorie
Valorie's List Real Estate Agent
Market Snapshot: Rexburg
| Median Sale Price | $385,000 |
| Year-over-Year Change | +6.2% |
| Active Listings | 92 |
| Avg. Days on Market | 28 |
| Median Price per Sq Ft | $186 |
Frequently Asked Questions
What makes Rexburg different from other East Idaho cities?
Rexburg's population and economy are heavily shaped by Brigham Young University-Idaho, which brings a large, young student population and a correspondingly strong rental housing market not seen in the region's smaller towns.
How close is Rexburg to Yellowstone?
Rexburg is one of the closer East Idaho cities to Yellowstone National Park's west entrance, roughly an hour and a half away, making it a convenient base for park visits.
Is Rexburg a good rental market for investors?
The steady demand from BYU-Idaho's large student body supports consistent rental occupancy, which is a common reason investors look at Rexburg property, though local rules on rental properties near campus should always be checked before buying.
What happened with the Teton Dam near Rexburg?
In 1976, the nearby Teton Dam failed shortly after its reservoir filled, sending floodwater through Rexburg and the surrounding valley. The community rebuilt in the years that followed, and the event remains a notable part of the area's history.
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