The community of Emmett is located in western Idaho near the border of Oregon. It is less than 30 miles from the capitol of Boise and about 430 miles from Portland. Originally named after the son of postmaster Thomas Cahalan, Emmett serves as the county seat and has a land area of approximately 1.8 square miles with a resident population of about 5,500, making a lovely addition to Gem County. The average temperature in Emmett ranges from the mid 70’s in the summer to the high 20’s in the winter. The economy within the neighborhood consists of several industries which provide employment. Some industries providing employment opportunities include educational, health and social services, and retail trade. Residents with children from grades K-12 will find the proper education accommodations through School District #221 which includes two high schools and four primary/middle school facilities. For those who wish to pursue a degree in higher education, Boise State University is located about 34 miles away. Recreational amenities for both residents and visitors alike come in the form of various museums, historical sites and parks, including the Gem County Historical Museum and Eagle Island State Park. The Emmett City Golf Course is also available for golf enthusiasts.
The real estate market in Emmett is comprised of mainly detached, single-family homes. A standard 3-bedroom home equipped with 2-baths can be purchased for less than $175,000. Slightly larger 4-bedroom homes with 3-baths can be found listed just under $300,000 and can reach up over $600,000. There are plenty of opportunities to purchase empty lots of land for those who wish to implement custom designs and build their dream homes. Prices for lots of land vary.
Emmett Real Estate Stats and Trends for the week of October 16th, 2019: homes priced around $360,821 compared to $359,053 the previous week, for a slight increase of less than +1%. For Wednesday, October 16th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.
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