4 Reasons Why The Boise Housing Market Is Booming
Housing markets have been skyrocketing over the past few years, due to the unprecedented COVID-19 pandemic and rising inflation. Among these is Boise, Idaho. Consistently named one of the fastest-growing real estate markets in the country, Boise is booming. Here are four reasons why Boise real estate is an investment worth making:
Season of Migration
As supercharged inflation continues to threaten residents of the more expensive housing markets, expect a trend of migration to more affordable living in mid-sized metropolitan areas just like Boise. With remote work on the rise, it is easier than ever for people to jump ship and move across the country. And Boise is just such a destination.
Demand is High
Despite a nationwide housing inventory shortage, Boise is thriving. Houses are flying off the market, and a booming construction industry means even more developing land for investors. With a rapidly growing population, the population growth in Boise has outpaced inventory, driving continued equity growth for investors.
Income per Household
Boise’s household income has been skyrocketing over the years. The median household income in Boise is the second highest in the nation, and that number is likely to rise as high-earners continue to migrate there.
Boise Art and Nature
Boise, Idaho’s bustling capital, is known as the City of Trees. Home to numerous parks, Boise always provides easy access to nature. While the natural beauty of Boise appeals to its more adventurous residents, its fascinating art-filled culture brings a dynamic and exciting side to the city.
If you would like to learn more about the Boise housing market or how to get started with investing in the Boise area , don’t hesitate to contact us !
