VACANCY RATE 2010

Southwestern Idaho NARPM (National Association of Residential Property Managers) conducted a survey to show vacancy rates among single family homes and Multi-family units (2-15) in Ada and Canyon County. The survey results show vacancy rates by type (Single family 1, 2, 3, 4 and 5+ bedroom; Multi Family studio, 1, 2, 3+ bedrooms.) The properties surveyed were occupied or vacant as of Sep 23rd, 2010. Of the surveyed property managers, 21 companies responded. This equated to 4154 units, of which 1895 are single family homes and 2259 are multi family, from 2-15 units.


AVERAGE RENTS are by type and size. Fluctuations in rent follow vacancy trends, typically lagging 6-9 months.  Rents steadily increased in 2007 with historic low vacancies and again in 2009 as owners were displaced from their own homes. More and more are looking to rent as they work to rebuild their credit. The rental market will continue to strengthen for years to come as more owners are displaced, true investors seize the opportunity to grow their long-term portfolio and people recognize Boise as a favored place to live.

For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/

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