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.