Fernan Lake Village, ID Real Estate & Homes for Sale
An in-depth guide to the Fernan Lake Village housing market, real estate trends, and investment opportunities in this exclusive North Idaho community.
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What It's Like to Live in Fernan Lake Village
The community is a rural, quiet, and exceptionally safe enclave defined by a strong sense of community and friendly neighbors.
With an "exceptional" Livability Score of 79/100 and crime rates 60% lower than the Idaho average, the atmosphere is palpably peaceful. The community is particularly well-suited for established households, underscored by its demographic profile where the median age is over 62. A remarkable 43.2% of the working population is employed in executive, management, and professional roles. The lifestyle is tranquil, with well-kept yards and a serene environment often described as a "retiree's dream neighborhood." While not very walkable to amenities, the average commute time is short, typically around 16 to 17 minutes.
Fernan Lake Village Real Estate Market by the Numbers
Property values in Fernan Lake Village are significantly higher than the state average, driven by high demand and low supply.
Understanding Property Values
| Data Source | Median Home Value | Key Context |
|---|---|---|
| NeighborhoodScout | $874,442 | More expensive than 92.6% of neighborhoods in Idaho. |
| DataUSA | $598,700 | Reflects a 23% one-year growth between 2022 and 2023. |
| AreaVibes | $462,100 | 175% higher than the median home value in Idaho. |
Key Market Indicators
- High Demand: The real estate vacancy rate is only 5.2%, which is lower than over 63% of American neighborhoods.
- High Homeownership: The owner-occupancy rate is extremely high, with sources placing it between 92% and 96.8%, indicating a stable community.
- Housing Stock: The village's real estate consists primarily of owner-occupied, single-family homes, ranging from medium (3-4 bedrooms) to large (5+ bedrooms).
Who Is Buying Homes in the Area?
The market is heavily influenced by the powerful growth trends across Kootenai County, with a majority of buyers coming from outside the region.
- Local Buyers: Approximately 46% of homebuyers are local residents.
- Non-Local Buyers: Approximately 54% of homebuyers are from outside the region.
- Breakdown of Non-Local Buyers: This influential group includes retirees (25%), second home buyers (15%), investors (14%), and telecommuters (12%).
Key Takeaways for Homebuyers
A Premium, High-Cost Market
Be prepared for home prices that are among the highest in Idaho. The limited supply of homes and high demand keep values strong.
A Small, Quiet, and Established Community
The village is a safe, peaceful area that is especially popular with retirees and executives. It has an exceptionally high rate of homeownership, creating a stable neighborhood.
Competition is Driven by Outside Demand
Over half of all homebuyers in the wider Kootenai County area come from outside the region, including retirees, investors, and second-home purchasers, creating a competitive environment.
A Unique and Independent Identity
Fernan Lake Village has a distinct history of self-governance and a clear vision for its community character, which helps protect its appeal and property values over the long term.
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