First Rate Property Management Blog

Predictions for the Treasure Valley Rental Market in 2023

Blog Post

By Kat K. Friday, January 6, 2023

While there is no crystal ball that tells us exactly how the rental market will perform, referring to the trends and data collected from previous years can provide insight on what to expect in the new year. Over the last two years, the Treasure Valley has seen record highs for ma...

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2022 Zillow Consumer Housing Trends Report

Blog Post

By Kat K. Friday, December 16, 2022

Zillow is the nations leading real estate marketplace for searching rental listings, homes for sale, and connecting with local real estate professionals. Check out the 2022 Consumer Housing Trends Report (CHTR) for an inside look at your typical U.S. housing consumer this year! T...

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SW Idaho NARPM Vacancy Report for Q3 of 2022

Blog Post

By Kat K. Friday, October 28, 2022

The Nation Association of Residential Property Managers has released the latest vacancy reports from Q3 of 2022. The data indicates that vacancy rates in both Ada and Canyon County have increased from 2022 Q2 to Q3, as well as Q3 of 2021 to Q3 of 2022, for a an average of 3.48% f...

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SW Idaho NARPM Vacancy Report for Q2 of 2022

Blog Post

By Kat K. Wednesday, July 27, 2022

The rental market in SW Idaho remains competitive as Q2 of 2022 comes to a close. Vacancy reports recently released from the National Association of Residential Property Management indicate that in Ada County, the average vacancy rate for single family homes was 2.19% and for mul...

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Rental Analysis Tool

Blog Post

By Beny W. Wednesday, April 27, 2022

One of the new features on our website is a Rental Analysis Tool, which can be used by potential FRPM clients as well as our current owners! After putting in some basic property information, you are emailed a packet of information about your property that includes rent ranges for...

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Side Effects of Rising Property Values in Boise

Blog Post

By Beny W. Friday, March 11, 2022

Though the high demand for housing in Boise seems from the outside like a huge positive for property owners, there are some side effects that need to be kept in mind, some of which owners may not have even considered yet! In this post we will talk about maintenance limits, proper...

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Q4 NARPM Vacancy Report for the Treasure Valley

Blog Post

By Kat K. Friday, February 4, 2022

The National Association of Residential Property Management has released the vacancy report for Q4 of 2021.  After seeing an all time low in the first quarter (.81%), vacancies rose steadily throughout the year into Q2 and Q3. In Q4, when inventory is at its lowest, we saw r...

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Q3 SW Idaho NARPM Vacancy Report 2021

Blog Post

By Kat K. Friday, October 29, 2021

Closing out Q3 of 2021, vacancy reports from the National Association of Residential Property Management indicate the rates have increased to 3.3%. However, looking back at the 3rd quarter of 2020 to the 3rd quarter of 2021, rates have decreased overall by 1.22%. First Rate avera...

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How Rising Boise Rents Affect Renewal Rates for Tenants

Blog Post

By Beny W. Thursday, September 30, 2021

Now that the busy rental season of summer is ending, I thought we’d take a look at how First Rate has navigated this unprecedented market, as well as explain the Who, What and Why of FRPM’s renewal strategy. Idaho has seen an average increase in rent of 25% over the l...

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Q2 NARPM Vacancy Report for the Treasure Valley

Blog Post

By Melissa Sharone Tuesday, August 3, 2021

The SW Idaho Chapter of NARPM just released their Q2 Vacancy report and the results are to be as expected in this hot market.  The vacancy is still very low considering the time of year and rents are still climbing.  The vacancy is still at a record low for this quarter...

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