The city of trees – let’s look at Boise, ranked #1 in the top 100 best places to live in 2019. Boise, located in Idaho, became a magnet in recent years. According to Forbes, it is the fastest-growing city in the United States. Its wilderness exceeds the size of the US’s 3 smallest states together.
Nearly 80,000 people relocated to Boise in 2018. Lots of real estate investors ask whether it’s a good idea to invest or not. Although it’s not comparable to the most expensive real estate markets in the US, you should consider the following factors.
Excellent Quality of Life
This is not a random opinion but is based on national popular publications’ top lists. Boise regularly wins nominations for the best place to live, the fastest-growing city, etc. Excellent quality of life is one of the top reasons you should think about investing your money here.
Availability of Jobs
As we already mentioned, Boise is one of the fastest-growing cities, and consequently, it is among the top job-growth cities. It is home to lumber and food processing factories. Here, the most comprehensive private companies are Micron Technologies, Hewlett Packard, and Simplot. Among top employers are universities and governmental organizations. Worth mentioning that Boise has an unemployment rate of 2% less than the national average.
Outdoor Recreation
In Boise, you can feel almost every season of the year. In winter you enjoy skiing the mountains and in summer, having funny adventures of hunting, climbing, or horse-riding. It gives extra points to the city and makes it attractive to tourists. Therefore, Boise residents benefit from additional seasonal incomes.
Attractive ROI
For real estate investors, Return on Investment is one of the most significant aspects before making any purchase. Hence, we have a piece of good news for you. Boise’s real estate market had a 10% appreciation rate over the year. Stable demand on the market guarantees that your property will increase in value.
Strong Rental Market
As we already stated, Boise stands out with its high employment rate. However, average wages are not high. An average annual income is $40,000 – and it opens the doors for rental business. If you are interested in the multifamily industry, it’s a great market to consider. Keep in mind, also, that it is home to many universities, and students can become excellent potential clients for you.
Invest Confidently with Shannon Robnett
By reading this blog you’ve began the first step in aligning your investment strategy with your personal financial goals. At Shannon Robnett Industries, we bring decades of experience structuring both types of opportunities, with a proven track record of helping investors build wealth through carefully vetted, tax-advantaged real estate projects.
Whether you’re seeking steady income through debt or long-term growth through equity, our team is here to help you make the right move.