By the Numbers: Treasure Valley rent prices keep rising

Statesman staffOctober 8, 2013 

tab

Prospective tenants competed in the second quarter for the few rental apartments and houses on the market.

Only 3. 5 percent of Valley rentals were vacant, according to a survey conducted by the Southwest Idaho Chapter of the National Association of Residential Property Managers — well below the 5 percent to 6 percent vacancy rates of normal rental markets.

Brandon Morgan, chairman of the survey, says price increases are making up for a stagnant period during the recession.

“Now that employment and wages are up, that releases the hand brake,” Morgan says. “It’s market normalization.”

Charts show vacancy rates by quarter, year-over-year rent averages and more.

Idaho Statesman is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service