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Property Management Blog

SW IDAHO NARPM VACANCY REPORT Q3 2018

System - Monday, October 29, 2018
Property Management Blog

Data from a total of 17 property management companies were included in the survey results, which accounted for a total of 6,772 homes: 2,145 single-family and 4,627 multi-family.  

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.

View the full report here

-NARPM