The SW Idaho Chapter of NARPM just released their 1st quarter vacancy report. It shows that vacancy overall is up from 3% to 3.4%. This is pretty typical for this time of year. The activity for rentals has definitely picked up in the last few months. The market is heating for single family homes with higher rents and lower vacancy then last quarter. FRPM still remains at about a 1% vacancy for both multifamily and single family rentals. We expect to see rents continue to rise and the vacancy to stay low throughout the next quarter even with the increased rental activity. FRPM on average is renting properties within 15 days from the time notice is given. Things still look promising for the Boise market.
Read full report here: SW Idaho Chapter of NARPM 1st quarter vacancy report
Melissa Sharone, President
First Rate Property Mgmt