Curious about what our local market is doing when it comes to rentals? Rentwise is a member of the Southwest Chapter of NARPM, the National Association of Residential Property Managers, which conducts a vacancy survey quarterly to deliver important data on the trends we are seeing here in the Treasure Valley. The purpose of this survey is to show vacancy and rental rate trends among single-family homes and multi-family units in Ada and Canyon County. You can find out more about Idaho’s premier organization of residential property management professionals at www.swidaho.narpm.org.
A snap shot of the Q1 2020 Vacancy Survey Results:
Survey Respondents Property Management Companies: 22 Total Homes: 6,060 Single Family 2,893 Multi-family 3,167| Unit Managed | Number of Vacancies | Vacancy Rate | |
| Ada | 4695 | 130 | 2.77% |
| Multiple Single Canyon | 2437 2258 1365 | 66 64 41 | 2.71% 2.83% 3.00% |
| Multiple Single | 730 635 | 8 33 | 1.10% 5.20% |
| Grand Total | 6060 | 171 | 2.82% |
| Average Price | |
| Ada | $1,565 |
| Multifamily | $1,058 |
| 1 Bedroom | $894 |
| 2 Bedroom | $1,103 |
| 3 Bedroom | $1,178 |
| SFR | $1,609 |
| 2 Bedroom | $1,363 |
| 3 Bedroom | $1,517 |
| 4 Bedroom | $1,946 |
| 5 Bedroom | $2,955 |
| Canyon | $1,101 |
| Multifamily | $858 |
| 1 Bedroom | $698 |
| 2 Bedroom | $782 |
| 3 Bedroom | $1,093 |
| SFR | $1,161 |
| 2 Bedroom | $981 |
| 3 Bedroom | $1,321 |
| 4 Bedroom | $1,179 |
| 5 Bedroom | $1,650 |
| Combined | $1,333 |