Rent, population, and median household income are important factors to consider for a 1031 exchange in Boise due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Boise, Idaho is a part of the Boise City, ID metropolitan area, and contains 27 zip codes, including: 83716, 83732, 83708, 83711, 83722, and 83724.
Boise Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Boise, ID metropolitan area was $1,021, which is 31.57% lower than 2014 average rent. This represents a compounded annual growth rate of 5.64%. 2019 vacancy in Boise, ID was 5.70%.
The total population of the city of Boise, ID has grown 11.24% since 2010. As of 2018, the population was 228,790. The median household income of the Boise was $56,798, which is 5.80% lower than the national average.
- metropolitan area Boise City, ID
- avg rent $1,021
- rent growth 31.57%
- vacancy 5.70%
- median income $56,798
- population (2018) 228,790
- population growth 11.24%
- vs. nat'l avg 5.80%
- zip codes 83701 83702 83703 83704 83705 83706 83707 83708 83709 83711 83712 83713 83715 83716 83717 83719 83720 83722 83724 83725 83726 83728 83729 83732 83735 83756 83799
