Top 5 counties in Idaho to invest

[Jeremy Lemm]

Here is a consolidated list of counties in Idaho to invest.

Investing in real estate in Idaho can be highly rewarding, particularly in counties experiencing robust growth and development. Here are five counties in Idaho that have shown promise for real estate investment, along with their average purchase prices and rental prices:

1. Ada County

• Average Purchase Price: $540,000
• Average Rental Price (3-bed home): $2,200/month
• Key Highlights:
  • Home to Boise, the state capital and largest city.
  • Strong job market with a growing tech sector.
  • High demand for rental properties due to population growth.

2. Canyon County

• Average Purchase Price: $400,000
• Average Rental Price (3-bed home): $1,800/month
• Key Highlights:
  • Includes rapidly growing cities like Nampa and Caldwell.
  • More affordable than Ada County but still close to Boise.
  • Increasing demand for affordable housing.

3. Kootenai County

• Average Purchase Price: $510,000
• Average Rental Price (3-bed home): $2,000/month
• Key Highlights:
  • Includes Coeur d'Alene, a popular tourist and retirement destination.
  • Beautiful natural surroundings with strong appeal for outdoor enthusiasts.
  • Growing economy with a focus on tourism and healthcare.

4. Bonneville County

• Average Purchase Price: $380,000
• Average Rental Price (3-bed home): $1,700/month
• Key Highlights:
  • Home to Idaho Falls, a regional economic hub.
  • Diverse economy with strong healthcare, education, and energy sectors.
  • Steady population growth and increasing rental demand.

5. Twin Falls County

• Average Purchase Price: $360,000
• Average Rental Price (3-bed home): $1,600/month
• Key Highlights:
  • Twin Falls city is known for its agricultural base and growing commercial sector.
  • New businesses and developments attracting residents.
  • Affordable housing market with room for growth.

Investment Tips

• Research Local Markets: Understand local trends, employment opportunities, and population growth to identify the best neighborhoods within these counties.
• Property Types: Consider what type of property (single-family homes, apartments, etc.) would yield the best returns.
• Rental Market: Evaluate the rental market dynamics to ensure consistent demand for rental properties.
• Long-Term Trends: Look for counties with long-term economic and population growth to ensure sustained property value appreciation.

Investing in these Idaho counties offers a blend of affordability, growth potential, and rental demand, making them attractive options for real estate investors.

For more information about Kootenai county please reach out.