First Rate Property Management Blog

What Factors are Influencing the Rental Market in 2023?

Blog Post

By Kat K. Friday, February 3, 2023

What Factors are Influencing the Rental Market in 2023? As a property owner or investor, it is important to understand the trends and expectations in your local rental market. Here are some key points to keep in mind as you navigate this exciting and ever-changing industry in 202...

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Predictions for the Treasure Valley Rental Market in 2023

Blog Post

By Kat K. Friday, January 6, 2023

While there is no crystal ball that tells us exactly how the rental market will perform, referring to the trends and data collected from previous years can provide insight on what to expect in the new year. Over the last two years, the Treasure Valley has seen record highs for ma...

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2022 Zillow Consumer Housing Trends Report

Blog Post

By Kat K. Friday, December 16, 2022

Zillow is the nations leading real estate marketplace for searching rental listings, homes for sale, and connecting with local real estate professionals. Check out the 2022 Consumer Housing Trends Report (CHTR) for an inside look at your typical U.S. housing consumer this year! T...

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SW Idaho NARPM Vacancy Report for Q3 of 2022

Blog Post

By Kat K. Friday, October 28, 2022

The Nation Association of Residential Property Managers has released the latest vacancy reports from Q3 of 2022. The data indicates that vacancy rates in both Ada and Canyon County have increased from 2022 Q2 to Q3, as well as Q3 of 2021 to Q3 of 2022, for a an average of 3.48% f...

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SW Idaho NARPM Vacancy Report for Q2 of 2022

Blog Post

By Kat K. Wednesday, July 27, 2022

The rental market in SW Idaho remains competitive as Q2 of 2022 comes to a close. Vacancy reports recently released from the National Association of Residential Property Management indicate that in Ada County, the average vacancy rate for single family homes was 2.19% and for mul...

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Q4 NARPM Vacancy Report for the Treasure Valley

Blog Post

By Kat K. Friday, February 4, 2022

The National Association of Residential Property Management has released the vacancy report for Q4 of 2021.  After seeing an all time low in the first quarter (.81%), vacancies rose steadily throughout the year into Q2 and Q3. In Q4, when inventory is at its lowest, we saw r...

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Q3 SW Idaho NARPM Vacancy Report 2021

Blog Post

By Kat K. Friday, October 29, 2021

Closing out Q3 of 2021, vacancy reports from the National Association of Residential Property Management indicate the rates have increased to 3.3%. However, looking back at the 3rd quarter of 2020 to the 3rd quarter of 2021, rates have decreased overall by 1.22%. First Rate avera...

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SW Idaho NARPM Vacancy Report Q4 2020

Blog Post

By Kat K. Wednesday, January 27, 2021

Closing out 2020, Q4 Vacancy Reports from the National Association of Residential Property Management indicated the lowest vacancy rates that has been reported in over 15 years! As Idahoans continue to spend more time at home as a result of the lingering COVID-19 pandemic, low va...

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Boise Housing Market Continues to Break Records

Blog Post

By Kat K. Tuesday, December 15, 2020

As the Boise housing market continues to break records for high prices and low inventory, local renters who are on the quest for homeownership are finding it more and more difficult to make the transition. In August 2020, the average median home price in Boise reached $400,000 fo...

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