Why Boise, Idaho is a Great Real Estate Market

The city of trees - let's look at Boise, ranked #1 in the top 100 best places to live in 2019. Boise, located in Idaho, became a magnetite in recent years. According to Forbes, it is the fastest-growing city in the united states. Its wilderness exceeds the size of the US 3 smallest states together. 

Nearly 80,000 people relocated to Boise in 2018. Lots of real estate investors ask whether it's a good idea to invest in there or not. Although it's not comparable to the most expensive real estate markets in the US, you should consider the following factors.

Excellent quality of life - this is not a random opinion but is based on national popular publications' top lists. Boise regularly wins in the nominations of the best place to live, the fastest-growing city, etc. Excellent quality of life is one of the top reasons you should think about investing your money here.

Availability of jobs - As we already mentioned, Boise is one of the fastest-growing cities, and Consequently, it is among the top job-growth cities. It is home to lumber and food processing factories. Here, the most comprehensive private companies are Micron Technologies, Hewlett Packard, and Simplot. Among top employers are universities and governmental organizations. Worth mentioning that Boise has an unemployment rate of 2% less than the national average.

Outdoor Recreation - In Boise, you can feel almost every season of the year. In winter you enjoy skiing the mountains and in summer, having funny adventures of hunting, climbing, or horse-riding. It gives extra-points to the city and makes it attractive to tourists. Therefore, Boise residents benefit from additional seasonal incomes.

Attractive ROI - For real estate investors, Return On Investment is one of the most significant aspects before making any purchase. Hence, we have a piece of good news for you. Boise's real estate market had a 10% appreciation rate over the year. Stable demand on the market guarantees that your property will increase in value.

Strong Rental Market - As we already stated, Boise stands out with its high employment rate. However, average wages are not high. An average annual income is $40,000 - and it opens the doors for rental business. If you are interested in the multifamily industry, it's a great market to consider. Keep in mind, also, that it is home to many universities, and students can become excellent potential clients for you.

Schedule a 15-minute call with me to discuss potential multifamily investments in Boise: https://calendly.com/shannonrobnett/15min