If you’re looking for a new family home or even an investment property, you owe it to yourself to check out the Boise housing market. Even in today’s crazy economic times, the home values in Boise are much lower than nearly any other similar market, and they are astronomically lower than you’d find in the larger cities.
That means your dollar goes farther in Idaho’s capital city. The same features, amenities, construction, square footage and designs that make houses so expensive in places like L.A., Seattle and even New England are available in Boise for pennies on the dollar.
Buy A House In Boise And Live In A Great City
Anyone looking to buy a home for a primary residence knows that money is only part of the equation. The greatest price in the world means nothing if the neighborhood and city amenities don’t meet your expectations. Fortunately, Boise is literally an “undiscovered gem;” if more people realized the quality of life afforded to every resident, the city’s population would explode like a firecracker.
For instance, Boise has some of the country’s best public schools and Boise State University is quickly becoming one of the nation’s most prestigious colleges. In fact, many of Boise’s teachers and college professors have won national recognitions for their efforts in and out of the classrooms. Speaking of classrooms, the schools themselves are very clean and safe. And with the growing population, new elementary, middle and high schools have sprung up in recent years, meaning many of the public schools are less than a decade old.
But that’s only one part of the bigger picture. Here are just a few amazing attributes that Boise offers:
- An exceptionally low crime rate
- Unemployment is traditionally lower than the national average
- Well-planned roadways and freeway systems
- Low homeowner insurance rates
- And much, much more…
Buying a home in Boise isn’t just a good financial investment, it’s a great lifestyle investment as well. This is true for both families and singles. There are few places in the United States that offer such dollar-for-lifestyle value any way you look at it.
Families will love the great schools, parks, outdoor activities, learning centers and specialized kids programs. Single folks with no kids will love the wide selection of night clubs, live local and national touring music, renown performance and fine art. There really is no “downside” to Boise, save for the fact that it’s undiscovered… at least so far.
Why Buy A Rental House In Boise?
For starters, Boise has a very solid rental market. Many families, students and singles prefer living in a rental house rather than purchasing their own home. The reasons are vast, but the point is that there’s a plenty-big market for real estate investors.
Also, the rental prices are relatively high in contrast to home sale prices. That means you’re more likely to earn more on your investment. In many instances, investors often fully finance homes in Boise simply because renters are willing to pay such high rent prices. These investors often see positive cash flow before taxes despite the fully financed mortgage principle.
There’s another bonus as well, though it’s a little more long-term: Since Boise’s home prices are so low, it’s only a matter of time before they catch up to similar markets. So for real estate investors looking for a long-run investment strategy, Boise is the perfect place to start. And when you consider you will probably make positive cash each month while you wait for the value to jump, it’s really a win-win situation.
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