Due to recent population growth, Idaho is the fastest growing state in the country. This tremendous growth makes Idaho a prime location for real estate investments. Whether you’re interested more in commercial real estate or residential real estate, keeping up with buyers’ markets and being able to identify new ones would be invaluable. Try to sell homes yourself so you can save on paying exorbitant realtor fees. It is a trendy thing to do these days. The following cities were chosen based on real estate trends and housing data provided by federal agencies and other sources.
Meridian
In this suburban town, over 75 percent of the properties are owned and less than 25 percent are rented. The median home value here is over $199,000, about $15,000 higher than the national average. Close to 90 percent of the homes in this town are valued between $100,000 and $399,000. Around 5 percent of the homes are valued between $400,000 to $749,000, and there aren’t any valued over $750,000 yet.
Only 3 percent are valued at less than $50,000, and the other 3 percent go for between $50,000 and $100,000. Close to 85 percent of the rentals here either go for $500 to $999, or for $1,000 to $1,499. Only 5 percent of the properties here rent for less than $500, while 2 percent rent for over $2,000.
Boise
In this popular suburban city, approximately 60 percent of the properties are owned and 40 percent are rented. The median home value for Boise is around $191,000, almost $7,000 higher than the national average. Only 5 percent of the homes are either worth less than $50,000 and between $50,000 and $99,000, respectively. In contrast, around 2 percent of the homes here are worth over $750,000.
Over 40 percent of the home values here range between $100,000 and $199,000, while over 35 percent are valued at $200,000 to $399,000. Around 9 percent of the homes in Boise are valued between $400,000 and $750,000. Close to 65 percent of the rentals here go for $500 to $999 and 23 percent range between $1k and $1,499. The national average is $949.
Eagle
Close to 80 percent of the properties in this smaller suburban town are owned and just over 20 percent are rented. The median home value here is $327,800, around $140,000 higher than the national average. Only 3 percent of the properties here are valued at less than $50,000 and just 1 percent of the homes values range between $50,000 and $99,000.
Close to 50 percent of home values in Eagle range from $200,000 to $400,000, and just over 30 percent are valued at $400,000 to $749,000. Around 12 percent of the homes are valued between $100,000 to $199,000 and 5 percent are valued for more than $750,000. Close to 40 percent of the rentals here go for $500 to $999, but over 30 percent rent from $1,000 to $1,4999.
Heyburn
Heyburn is another suburban town where over 60 percent of the properties are owned. The median home value in Heyburn is $108,108, around $75,000 less than the national average. There aren’t any homes here valued for over $750,000 and only 1 percent are valued between $400,000 and $749,000. However, just 2 percent of the homes values are for less than $50,000.
Around 40 percent of the homes are valued from $50,000 to $99,000, and 41 percent revalued at $100,000 to $199,000. Approximately 16 percent of Heyburn’s homes are valued between $200,000 and $399,000. Over 60 percent of the rentals in this town range between $500 and $999 per month and over 30 percent go for less than $500. Only 7 percent rent for $1,000 to $1,499 per month, and there are no rentals more expensive than that in town.
Ammon
Close to 80 percent of the properties are owned and just 22 percent are rented in this suburban town. The median home value in Ammon is $167,000, just over $17.000 less than the national average. Only one percent of the homes here go for less than $50,000 or over $750,000, respectively. More than 65 percent of the homes here are valued between $100,00 and $199,000.
Around 5 percent of the home values in Heyburn range from $50,000 to $99,000. Around 55 percent of the rentals in town go for $500 to $999 per month and nearly a third rent for $1,000 to $1,4999 per month. Close to 15 percent of rentals here are available for less than $500 per month.
These are all safe, prosperous communities that offer no shortage opportunities for different types of investors. Each of these locations are lauded as ideal destinations for anyone interested in starting a family or settling down long-term.
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