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SW Idaho NARPM Vacancy Report Q3 2018

Realty Management Associates - Friday, October 26, 2018
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Data and analysis provided by: Southwest Idaho Chapter of NARPM

Introduction

The purpose of this survey is to show vacancy and rental rate trends among single-family homes and multi-family units (2-15) in Ada and Canyon County. Survey results are displayed by type (single or multi-family) and bedrooms (1-5) for the respective county.

Property status was surveyed as of September 30, 2018.

The survey participants are property management companies affiliated with the SW Idaho Chapter of NARPM and are considered to be the representative sample of the inventory of professionally managed rentals in Ada & Canyon County.

Survey Respondents

Data statistics below: *The accuracy and reliability of this survey is improved with an increased sampling.


Property Management Companies:17
Total Homes:6,772
Single Family2,145
Multi-family4,627

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Summary

Ada & Canyon county vacancy rate increased just slightly from 2.0% in the second quarter of 2018 to 2.2% in the third quarter of this year. Overall the largest vacancy decrease was in multi family units in Canyon County which went down .7%, while Ada County also increased by a mere .3% this quarter.

Ada County single family rental rates saw a decrease of $112 per month per unit. While multi-family in Ada County rents had a increase of $97 per month, per unit from last quarter. Overall the average was an decrease of $25 across the board per unit, making the average rent $1309 per month in Ada County.

In Canyon County rental rates increased overall by $164 putting the average rent per unit at $1194. Single family homes had the largest increase in monthly rent by $250 per unit and multi family units increased by $99 per unit.


Realty Management Associates, Inc., CRMC®
4290 W Chinden Blvd
Boise, ID 83714
(208) 377-8889





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