By the Numbers: Treasure Valley rent prices keep rising

Statesman staffOctober 8, 2013 


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.

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