First Rate Property Management logo
Facebook icon Twitter icon blog icon google plus icon youtube icon
Recommend this Blog to a friend!  Type in Recipient's email address:
    



SW Idaho NARPM Vacancy Trends Q2-2018

        The National Association of Residentail Property Managers published a recent survey conducted by the SW Idaho chapter of NARPM during the month of June 2018. The survey took 7,091 total homes into account. These multi-family and single-family homes are spread across both Ada and Canyon county.

         The market is trending down heading into the winter months. According to these statistics dating back to 2014, the vacancy percentage is the lowest it’s been in quite some time considering the seasonality of this business.

First Rate Property Management’s vacancy rate in June 2018 was 0.72%. This is quite the improvement compared to last year’s 1.83%. First Rate manages a portfolio of apartment buildings, duplexes, and single family homes.

Of the 7,091 homes that were surveyed in June 2018, 2.03% were vacant. This is an opportunity for property management companies to capitalize on the market and really differentiate themselves among their competitors not only in the SW Idaho Chapter but even nationally.

       The data shows vacancy rates to have decreased from 3.6% in Q1 to 2.0% in Q2. The rental rates in Ada County single family homes increased $149 per month per unit. We saw an increase of $6 per mont, per unit in single family homes just since the previous quarter. Assuming these trends continue, we can anticipate higher rents and lower vacancies than we’ve seen in half a decade.

You can find out more about Idaho’s premier organization of residential property management professionals at www.swidaho.narpm.org.



Julie Tollifson

Leasing Team Leader

First Rate Property Management, Inc.
Boise, Idaho
Contact me for more information about this blog or property management.

09-20-2018
Julie Tollifson
NARPM
09-24-2018

  • NARPM
  • Boise Area Rental Market
  • Property Management
  • Boise Area Real Estate Market
  • Taxes
  • Interest Rates
  • Boise Real Estate Market
  • Boise and Idaho in the News
  • Deferred property maintenance
  • Rental Property Maintenance
  • Charity
  • Fair Housing
  • SW Idaho NARPM Vacancy Trends Q2-2018
  • Ada County Vacancy Trends
  • HUD files against Facebook
  • Increased rents create parking issues
  • Absolutely Reliable Prediction on Interest Rates
  • Julie Tollifson
  • Tony Drost
  • Melissa Sharone
  • Jim Sharone
  • Tyler Selee
  • Kurtis Tarbet
  • Kristen Curtis
  • Tyler Brown
  • Tara Pecora
  • Marie Swanson
  • Lizz Loop