When it comes to investing in real estate, Idaho may not be the first state that comes to mind, but it offers many opportunities for investors. Idaho’s growing population, strong job market, and natural beauty make it an attractive place to live, which in turn drives demand for housing.
Here are the top 5 cities in Idaho to invest in real estate:
Boise is the capital of Idaho and the largest city in the state, with a population of over 240,000 people. It has been consistently ranked as one of the best places to live in the United States, thanks to its low crime rate, good schools, and outdoor recreational opportunities. Boise’s housing market has been booming in recent years, with strong demand for both rental and owner-occupied properties. The median home value in Boise is around $400,000, but there are still opportunities for investors to find affordable properties in up-and-coming neighborhoods.
Meridian is a rapidly growing city located just outside of Boise. With a population of over 114,000 people, it is the second-largest city in Idaho. Meridian has a strong economy and job market, with a mix of white-collar and blue-collar jobs. The city’s housing market has been growing quickly, with a median home value of around $450,000. Investors can find opportunities to invest in both single-family homes and multi-unit properties in Meridian.
Coeur d’Alene is a picturesque city located in northern Idaho, on the shores of Lake Coeur d’Alene. It has a population of around 52,000 people and is known for its natural beauty and outdoor recreation opportunities. The city’s housing market has been growing steadily, with a median home value of around $450,000. Coeur d’Alene is a popular tourist destination, which can create opportunities for investors to earn rental income from vacation properties.
Nampa is a city located just west of Meridian, with a population of over 100,000 people. It is home to several large employers, including the Saint Alphonsus Medical Center and the College of Western Idaho. Nampa’s housing market has been growing steadily, with a median home value of around $320,000. Investors can find opportunities to invest in both single-family homes and multi-unit properties in Nampa.
Idaho Falls is a city located in eastern Idaho, with a population of around 63,000 people. It is home to several large employers, including the Idaho National Laboratory and the Melaleuca corporation. Idaho Falls’ housing market has been growing steadily, with a median home value of around $265,000. The city has a mix of rental and owner-occupied properties, creating opportunities for investors to invest in either type of property.
Investing in real estate in Idaho can be a smart decision, as the state’s steady economic growth and increasing population create a demand for housing. By focusing on the top 5 cities we’ve discussed, you can potentially find great opportunities to invest in a thriving market with high potential for long-term growth. As always, it’s important to conduct your own research and work with trusted professionals before making any investment decisions. With the right approach and guidance, you can find success in the Idaho real estate market.
Are you a lender who wants a free or premium listing on LendDing? Get started today!
Or Contact Us if you have a loan inquiry or question.
