The Boise metro area has grown tremendously over the past two years. In fact, 2017 and 2018 Idaho has been the fastest growing state (tied with Nevada 2018). The growth, combined with several other factors have made Boise area an investor’s dream.
How Boise Is Working For Investors
GROWTH. Boise area has a lot to offer, and people are taking notice. Whether it is the wealth of opportunities to enjoy outdoor activities and natural beauty of the area, one of the many universities, or the strong job market, people are moving to Southwest Idaho. The population growth sustains a strong job market, which further fuels the growth; higher wages in the metro area compared to the rest of the state also keep the local economy is strong. Signs point to continued growth and opportunity in the area.
DEMAND. Housing and development has lagged behind creating a housing shortage. This housing shortage has allowed for a stunning 14.4% increase in just one year–ranking it in the top 5 nationwide for rent increases. Boise has a similarly strikingly low vacancy of around 2%.
HIGH ROI. Affordable real estate compared to other national markets and a strong appreciation rate make Boise investments very low risk. Coupled with rising rents, investors can expect a high yield on their income property.
Your Best Move
Boise metro area is ripe with opportunity for investors. Now is a great time to invest!
Find people you trust who will keep your best interest in mind. To start, you will need a good real estate agent and property manager. Prestige Property Management can offer you both. Our owner has experience in real estate and can give you the most accurate information on rent projections in the area. She also maintains relationships with other real estate brokers so you can rest assured that your agent is asking the right questions and giving you the information you need.
Make it easy on yourself. We’ve been serving the Treasure Valley for over 13 years and we pride ourselves on our ability to deliver exceptional personalized service. We give you options in how to manage your property and we care for your property like our own.
We also pride ourselves in being a resource for you in the process.
Questions to Ask Your Real Estate Agent when you are considering a purchase
What you need to know about Fair Housing as an owner
What you need to know about rent control
Call us. We want you to experience and enjoy the wealth the Boise metro area has to offer. Now is a great time to invest. You can make sure you are getting the greatest return on your investment when you work with us. Give us a call. We would love to talk with you and show you what it means to work with Prestige. 208-938-8009.
References
Santarelli, M. (2018). Is Boise The Best Market For Real Estate Investment In 2019?. Norada Real Estate Investments Real Estate Investing Blog. Retrieved from http://www.noradarealestate.com/blog/boise-real-estate.
(2019). Boise ranks 5th in U.S. for rising rent prices. Retrieved from https://www.ktvb.com/mobile/article/news/local/boise-ranks-5th-in-us-for-rising-rent-prices/277-aac919f5-a8c1-4c6c-bc42-6c30341cad.
(2019). A lasting legacy for Meridian residents. Mike Brown Group Blog. Retrieved from http://www.mikebrowngroup.com/blog/a-lasting-legacy-for-meridian-residents1.html.
