There are plenty of treasures to be found in the Gem State.
Idaho has the second-fastest-growing population in the United States right now. Boise Idaho and the surrounding Treasure Valley are a large reason for this.
Business is booming with Boise real estate – but why? We’re happy to explain. Keep reading to get a snapshot of the housing market in the Treasure Valley and why so many people are relocating to Boise.
Home Values Are Rising Sharply
Homes in Boise were recently valued at close to 81 percent above the expected price. When home values rise, you’re going to get a lot of motivated sellers.
There are plenty of listings to be found, and first-time homebuyers are looking to add equity to their portfolios. People prefer to buy property places where they know they’ll get a return on investment (ROI), and in Boise, the juice is definitely worth the squeeze.
People Love The Quality of Life
There’s a lot to love about the city of Boise. The city recently topped a list of the best cities for millennials to live in today.
It’s becoming a bit of a trendy area for the younger crowd because of the parks and unspoiled nature, craft breweries, walkability, coffee shops, and forward-thinking nature.
The city has lots of clean air and sunshine and a low crime rate.
The City Has Attractive Neighborhoods
It’s important to key in on the neighborhoods when studying any real estate market. A glimpse at Legacy Real Estate shows just how many attractive neighborhoods and areas are available in Boise.
Some attractive areas in Boise include North End, Barber Valley, Boise Heights, Downtown, West Bench, and Harrison Boulevard. Determine what factors you’re looking for in a neighborhood and scope out the opportunities.
Rent Demand Remains High
Boise is a renter’s market right now. Rent prices in Boise recently grew by more than 10 percent year over year.
This is a sign of a healthy real estate market and points to plenty of investment opportunities. Expect rates to keep soaring as we recover from the pandemic.
Business Is Booming In Boise
Boise employment is healthy right now and there are plenty of opportunities to go around. This is always a healthy indicator for an area’s real estate market.
Boise has a future job growth of roughly 51 percent, compared to 33 percent for the rest of the United States. Some major sectors in Boise include chemicals, lumber, and mining. Other industries like tourism and tech are also on the rise.
Scope Out Some Boise Homes
There are no two ways about it – business is booming in Boise! The economy is thriving, people are moving to the area, and there are plenty of homebuying opportunities to go around.
It’s time to put your thinking cap on when you’re trying to figure out where you want to live. If Boise is on your list, use the points in this article and begin approaching some realtors that can help you.
Check out our articles to help with all your real estate needs.
