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Quarter 2 Vacancy Information

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

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.

Melissa Sharone
Boise Area Rental Market

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