The state of Idaho has almost 2 million residents with an average property price of $515,016. While the real estate median is higher compared to other states, investors can capitalize on Idaho's lower property taxes, cost of living, and higher home values for greater returns.
With the increase in remote work opportunities, people are choosing to live in rural areas like Idaho and move away from urban towns. The Gem State has the highest employment rates in the following business sectors: trade/transportation/utilities, education, government, and professional services.
Idaho also has a lower rental vacancy rate and had the second-highest population growth in the U.S. in 2022, making it a prime location for residential and commercial properties.
Idaho's state capital, Boise, is its largest city, with demands for single-family homes and college student rental properties near Boise State University. Boise is known for its beautiful landscapes with mountains, rivers, and forests. It's only a few hours away from Yellowstone National Park, making Boise a popular outdoor recreational destination and place to live.
Twin Falls has a low cost of living, attracting retirees to settle down in residential properties. Idaho Falls is the third-largest city in Idaho and ideal for real estate investors looking for lower upfront costs due to its relative affordability and a robust local economy.
Eagle offers luxury real estate due to its upscale properties and wealthy resident demographics. This suburban city has strong potential for upper-class residential and commercial real estate opportunities.
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