Buyer demand remains high due to historically low mortgage rates, and the ability for more people to work remotely has likely increased in migration due to Boise metros relative affordability compared to more expensive metro areas. In Boise, even new construction homes have become incredibly expensive to own.
Why is Boise real estate so high?
Boises hot rental and real estate market is being driven by certain economic factors, such as low interest rates, lack of inventory, and migration patterns related to COVID-19, but the long-term demand outside of these short-term trends is there.
Is Boise a good investment?
Millionacres recently did some research to see which cities lead the pack in terms of demand, and we found that Boise is quite possibly the best place to buy an investment property this year.
Is Idaho the cheapest state to live?
Idaho is one of the more affordable states in the country, offering low prices on real estate, sales, and income taxes, as well as low utility and grocery costs. Despite having a lower cost of living, the states median income is $55,583 for a household, which falls slightly below the national average.