Boise is a great place to invest in rental property! Right now vacancy rates are extremely low~less than 3%~ almost unheard of! Rent rates are up as well. The average rent for a 3 bedroom house in Ada county is $1200/month. $400 per bedroom is a good ballpark figure. This varies of course by the amenities the house offers and it's location. Close to downtown in the coveted North-end demands the highest rates. Eagle and Southeast Boise are also considered very desirable and bring above average rents. Rentals in all areas are popular as residents want proximity to their jobs, families or schools. Many people choose to live in Canyon county for it's affordability and often more “country” atmosphere. Rental rates run about $100 less per place in Nampa. Today's savvy renters often expect NICE ~granite counters, SS appliances, hardwood floors, big bathrooms and closets~ places that have it all rent quickly for premium rates.
There are MANY factors to consider when purchasing an investment property so consulting with a knowledgeable Realtor is paramount! Todays' incredibly low interest rates make buying real estate a serious contender for your portfolio.
As an experienced professional property manager AND Real estate agent in Boise I would love to help you explore options! Call or email anytime! Thank you~Jan Allen firstname.lastname@example.org