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Investment Properties for Sale in Rexburg, Utah
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Rexburg is actually in Madison County, Idaho — about three and a half hours north of Salt Lake on I-15 — but we get enough Utah investors asking about it that it's worth treating as part of our regional coverage. The town's economy runs on one dominant engine: BYU-Idaho. With around 35,000 enrolled students across in-person and online programs and a university housing policy that funnels single students into approved housing, Rexburg has one of the most predictable rental demand curves in the Intermountain West. That predictability is exactly what makes it interesting to buy-and-hold investors who already own properties in Provo, Logan, or Cedar City and understand how college-town rentals actually work.
Inventory here breaks into a few distinct buckets: BYU-I approved single-student housing (strict rules, higher per-bed rents), married-student rentals close to campus, standard single-family homes in subdivisions like Mariah Park or Stone Creek that work as long-term rentals to local workforce families, and small multifamily near the university core. Cap rates tend to run tighter than rural Idaho but cash flow is more reliable. Winters are cold, summers are mild, and the proximity to Yellowstone (about 90 minutes to the west entrance) adds a thin layer of seasonal demand. The listings below are income-oriented properties currently active on the MLS — review the rent rolls, zoning, and whether each property carries BYU-I approval before underwriting, and reach out if you'd like local management referrals.
]February 2026 · Rexburg market
Live from the Utah MLS — what's actually happening in Rexburg right now.
Median sale
$215,000
1 closed in February 2026
Median DOM
19 days
listing → contract
Sale-to-list
102.4%
of final list price
Unsold inventory
—
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Rexburg.
Wait — isn't Rexburg in Idaho, not Utah? ▾
Yes, Rexburg sits in Madison County, Idaho, about 30 miles north of Idaho Falls. We work this market because it's a natural extension for Utah-based investors heading up I-15, and the rental dynamics tied to BYU-Idaho make it one of the strongest small-market rental plays in the region.
What makes Rexburg attractive for rental investors? ▾
BYU-Idaho enrolls roughly 35,000 students between on-campus and online tracks, and university housing rules require single students to live in approved housing. That creates steady demand for approved apartments, single-family rentals to married student couples, and shared housing near campus on 2nd East, 7th South, and the University Boulevard corridor.
What's the difference between BYU-I approved housing and standard rentals? ▾
Approved housing must meet specific university standards (occupancy limits, visiting hours, management rules) and is licensed annually. Approved properties typically command higher per-bed rents but carry more operational requirements. Non-approved rentals usually target married students, young families, and local workers and operate like any other long-term rental.
What price range should I expect for an income-producing property? ▾
Single-family rentals in Rexburg generally trade in the mid-$300Ks to mid-$500Ks depending on size, location, and whether the property is set up for shared student occupancy. Purpose-built approved housing complexes and duplex/fourplex assets run higher and are typically priced on cap rate rather than comps.
Are short-term rentals viable in Rexburg? ▾
STR demand is thinner than in resort markets — most visitor traffic ties to BYU-I events, graduation weekends, and Yellowstone-bound travelers in summer. Some investors do well with hybrid models (mid-term furnished rentals for visiting faculty or traveling nurses at Madison Memorial), but check current city ordinances before assuming nightly rental use.
How is the property tax and landlord environment compared to Utah? ▾
Idaho property taxes are generally comparable to or slightly lower than Utah's on similar valuations, and Idaho is considered a landlord-friendly state with relatively straightforward eviction timelines. Out-of-state owners should still budget for a local property manager — distance management of student tenants rarely goes well.