The top rental markets in Idaho are Boise, Nampa, Meridian, and Post Falls.
The TurboTenant Report includes analysis of the average number of leads per property, the average number of days on market, average rent price, median sale price, median income, security deposit trends and livability score.
Idaho Rental Trends:
Idaho is a part of the Pacific Northwest and is known for its thriving industries in manufacturing, agriculture, mining, forestry, and tourism. It has beautiful mountains and lakes, but is also a beautiful place to invest in property. Here are some highlights from the top rental markets in the Gem State.
Days on Market:
The city with the lowest days on market is Nampa at 9 – under the national average which sits at 15 days; Post Falls has the highest number of days on market at 15, matching our national average.
The top three towns for the largest amount of leads per listing are above or around the national average sitting at 38. Here they are:
- Nampa – 51 leads per listing
- Meridian – 35 leads per listing
- Boise – 21 leads per listing
Average Rent: (2 bedroom listings)
With the national average rent at $1,207 for a two-bedroom, Nampa comes below that with the lowest average rent of $971 for a two-bedroom compared to the highest rent in Idaho at $1,098 in Post Falls, still under the national average.
Median Home Sale Price:
According to data from Redfin, which is a national real estate brokerage company, the national median home sale price sits at $306,000. Idaho’s highest median sale price comes below that at $352,000 in Meridian with its lowest median sale price at $252,000 in Nampa.
Idaho’s median income rings in at $42,240 – below the national average at $48,500.
Security Deposit Trends:
Security deposits have both risen and fallen in Idaho’s cities between 2018 and 2019. With the largest being an increase of 25% in Nampa at $1,000, and the largest decrease at -39.39% in Post Falls with the current average at around $1,000 – both are under the national average for security deposits which is $1,200.
All of Idaho’s cities have a livability score of 71 or higher with the highest being Meridian at 82!
Please visit here for our full methodology.
Whether you’ve found the best investment property in these top rental markets, or somewhere else, TurboTenant can help streamline your rental process with easy and free online rental applications as well as thorough tenant screening so you can find the best renter for your property.