Boise Real Estate Vacancy Survey
The Southwest Idaho chapter of the National Association of Residential Property Managers (NARPM) recently completed a vacancy survey rental properties in the Boise real estate market.
Here’s what they found:
Vacancy Avg. Rent
Single-Family Homes
One-Bedroom Single-family Home 3.8% $ 540
Two-Bedroom Single-Family Home 3.8% $ 680
Three-Bedroom Single-Family Home 6.8% $ 858
Four-Bedroom Single-Family Home 8 .3% $1,023
Five-Bedroom+ Single-Family Home 7.5% $1,275
Overall Single-Family Vacancy 6.5% N/A
Apartments
Studio Apartment 11.4% $ 400
One-Bedroom Apartment 4.2% $ 485
Two-Bedroom Apartment 7.5% $ 585
Three-Bedroom+ Apartment 6.4% $ 782
Overall Apartment Vacancy 6.5% N/A
This survey was a sampling with 14 of 39 property managers responding, comprised of 2,790 units, of which 1,193 were single-family homes and 1,597 were multi-family with 2-15 units.
January 28th, 2009 Posted in About Our Area, Combined Market Stats
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4 Responses to “Boise Real Estate Vacancy Survey”
By Dave Dugdale on Jan 28, 2009
Thanks for the survey results. I tried doing a survey like that a long time ago and couldn’t find any interest.
By Tim Dublin on Jan 28, 2009
Phil how do the percentages compare with a) other markets or b) prior year(s) results…do you know?
By Betty Fletcher on Jan 28, 2009
Excellent resource! Thanks for sharing.
By Patrick Chapman on Jan 29, 2009
This is a quarterly survey that our local S.W. Idaho chapter of NARPM compiles for single family units. The results have varied tremendously over the last two years and may be a continued resourse for this forum. Anyone interested in past or future results may contact me at any time. Patrick Chapman S.W. Idaho Chapter President- pjchapman@cableone.net