Data and analysis provided by: Southwest Idaho Chapter of NARPM
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. 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.
Property status was surveyed as of December 31, 2018.
Survey Respondents
Property Management Companies: 17
Total Homes: 6,157
Single Family 1,762
Multi-family 4,395
Summary
Ada & Canyon county vacancy rate increased just slightly from 2.2% in the third quarter of 2018 to 3.0% in the fourth quarter of 2018. Overall the largest vacancy decrease was in multi family units in Canyon County which went down 4.5%, while Ada County increased slightly by .4% this quarter.
Ada County single family rental rates saw a decrease of $5 per month per unit. While multi-family in Ada County rents had a decrease of $55 per month, per unit from last quarter. However, overall the average rent per unit increased $34 , making the average rent $1343 per month in Ada County.
In Canyon County rental rates decreaesd overall by $246 putting the average rent per unit at $948. Single family homes had the largest decrease in monthly rent by $244 per unit and multi family units decreased by $115 per unit.