Investors! Q3 Vacancy Report

We are still seeing very low vacancy rates and increases in rents. Here is a summary: Ada & Canyon county vacancy rate increased just slightly from 2.0% in the second quarter of 2018 to 2.2% in the third quarter of this year. Overall the largest vacancy decrease was in multi family units in Canyon County which went down .7%, while Ada County also increased by a mere .3% this quarter.  Ada County single family rental rates saw a decrease of $112 per month per unit. While multi-family in Ada County rents had a increase of $97 per month, per unit from last quarter. Overall the average was an decrease of $25 across the board per unit, making the average rent $1309 per month in Ada County. In Canyon County rental rates increased overall by $164 putting the average rent per unit at $1194. Single family homes had the largest increase in monthly rent by $250 per unit and multi family units increased by $99 per unit. Check out the full report here: 2018 Q3 Vacancy Report (1)