SW Idaho NARPM just released their 2nd quarter vacancy report for the Treasure Valley. It is showing the average vacancy being at 3.5% which is still low compared to the last recorded national average which is at 7%. Currently FRPM has a vacancy of 2.5%. We are seeing the single family home vacancy going down from quarter 1 and the multi family has gone up slightly. I feel that the time of year is the major factor in these changes from quarter 1. Summer is a very popular time to move and all though it creates a slightly higher vacancy it is also the key time to get peak rents. This report also shows that rents are still up and holding steady. FRPM still considers this a win for investors because despite the slightly higher vacancy, properties are still getting pre-leased prior to tenant moving out and we are still getting great rent amounts.
Read full report here: SW Idaho NARPM Quarter 2 Vacancy
Melissa Sharone, President
First Rate Property Management, Inc.
Boise, Idaho
Contact me for more information about the Investment Real Estate and Property Rental markets in Boise and Idaho.


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