All Forum Posts by: 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.

Are you looking in Washington state for investments? Here's the consolidated overview with the approximate average rental prices included for each county:

1. Spokane County

• Average Purchase Price: Approximately $400,000
• Average Rent Prices: Around $1,600 - $1,800 per month for a typical 2-3 bedroom home.
• Investment Appeal: Spokane offers a mix of urban and suburban properties with solid rental demand driven by universities, healthcare facilities, and a growing tech sector. The relatively lower property prices and steady rental income potential make it an attractive option for investors.

2. Pierce County

• Average Purchase Price: Approximately $500,000
• Average Rent Prices: Around $2,000 - $2,200 per month for a typical 2-3 bedroom home.
• Investment Appeal: With major city Tacoma undergoing revitalization and its proximity to Seattle, Pierce County is appealing due to its affordable property prices compared to King County and strong rental market. These factors provide good investment opportunities.

3. Thurston County

• Average Purchase Price: Approximately $480,000
• Average Rent Prices: Around $1,800 - $2,000 per month for a typical 2-3 bedroom home.
• Investment Appeal: Home to Olympia, the state capital, Thurston County ensures a stable government-related job market. The area's natural beauty, relatively lower cost of living, and steady demand for rental properties make it appealing for investors seeking stable and reliable returns.

4. Clark County

• Average Purchase Price: Approximately $525,000
• Average Rent Prices: Around $2,200 - $2,400 per month for a typical 2-3 bedroom home.
• Investment Appeal: Clark County, including the city of Vancouver, benefits from its location near Portland, providing a more affordable living option while maintaining access to a large metropolitan job market. The county offers a combination of reasonable property prices and strong rental demand.

5. Yakima County

• Average Purchase Price: Approximately $360,000
• Average Rent Prices: Around $1,400 - $1,600 per month for a typical 2-3 bedroom home.
• Investment Appeal: Yakima County is a significant agricultural hub, which provides a steady demand for rental properties. The affordability of real estate in the area makes it an attractive option for investors looking for lower entry costs and decent rental income. The steady agricultural economy supports rental demand, ensuring consistent returns for investors.

These average prices provide a snapshot of the real estate and rental market conditions in these counties. However, prices can vary significantly within each county depending on specific locations, property types, and other factors. For the most accurate and detailed information, it's recommended to refer to local real estate listings and market reports or consult with real estate professionals who are active in these areas. 

I cover the Spokane county and can provide additional information. 

When/if you can drop the ceiling in the ADU you can install 5/8' drywall and Rockwool;

ROCKWOOL COMFORTBATT R-15 Attic Wall 59.7-sq ft Unfaced Stone Wool Batt Insulation Individual Pack in the Batt Insulation department at Lowes.com

Both will help reduce the talking to a mumble if heard at all. Plus depending on the building code in your area you may have to have the 5/8" fire resistant drywall between the units.

Depending on code in your area, you may have to have 5/8" fire resistant drywall as your ceiling in the lower unit which will help with the sound barrier. Another option would be to insulate the ceiling with Rockwool; 

ROCKWOOL COMFORTBATT R-15 Attic Wall 59.7-sq ft Unfaced Stone Wool Batt Insulation Individual Pack in the Batt Insulation department at Lowes.com

It does double duty as a fire barrier and is a good sound absorber. I used it when I finished my basement and it helped. 

It is currently. It'll be on the market next week.

Good Day! Not sure if this is where to post this. If this is not correct, please let me know and delete.

I have access to a SFR with a paying renter with a few months left on the current contract and is willing to extend. Pays $2,000 monthly. Seller is asking $315K. It is a 1958 Rancher 3 bed, 1.5 bath, 1248 sqft. No basement. It has a metal roof.

The other benefit with Fayettville is you Fort Bragg, which makes for good longterm leases if your in the right area like Raeford.

Good Day! my son will be be attending ISU in the fall and I am looking to maybe invest in a rental property near the University that he could live in and rent out the other rooms and sign it over to him when he graduates to continue making an income off or sale. either way it would be his choice. Long story short what is the rental market like in the area. This would potentially be my 1st investment property. Thanks! 

Welcome to BiggerPockets Noa!

I was stationed at Fort Bragg before I retired and help a friend flip a few homes and it was a blast. He was the light that took me from sitting on the couch watching flipping shows to actually investing time to learn. The 1st flip I help with was out in Raeford.