Please point me to a new growing market in the Pacific NW

[Matthew McNeil]

After buying 3 SFHs in the Boise/Meridian Idaho Treasure Valley area, all of which are producing healthy positive cashflow, I'm ready to buy another SFH. However, the Boise area market is [arguably] the fastest growing in the US and home values are currently priced at levels that would result in zero or negative net cashflow because rents are not rising in proportion to values.  

Note; Even though the Boise area market home values are increasing by double digits annually, I’m not interested in anything that doesn’t produce positive cashflow (such as focusing on long term equity growth) for various reasons covered on other BP forums and blogs.  My real estate agent of 10 years, ranked as one of the best agents in the valley, confided to me that very few investors are currently buying rental properties in the Boise area – for the reasons listed above.

I'm ready to buy another SFH, and I’m looking for an alternative healthy market in Idaho or Washington.  Help me refocus on a new growing market.  Deeply appreciate anyone who can point me in another direction, based on what they're seeing and where they're investing after crunching their numbers.  Thanks!!