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NARPM Q4 2020 Vacancy Survey

March 3, 2021

 

The 4th Quater National Association of Residential Property Managers (NARPM) vacancy survey has been published.  The data the survey collected indicates that the trends in Ada & Canyon county vacancy rates increased .17% from 1.66% in the third quarter of 2019 to 1.83% in the fourth quarter of 2019.  Ada County increased .02% and Canyon County increased .54% this fourth quarter of the year. The slight increase in vacancies overall occurred in Canyon County dwellings.

Ada County single-family marketed rental rates saw the greatest change by decreasing monthly rent by $57 per unit.  Multi-family units in Ada County also decrease by an average of $5.67 per month per unit in the fourth quarter of2019. The overall marketed rent per unit decreased $12 in Ada County making the average marketed rent rate $1410 per month. In Canyon County, rental rates were marketed at an increased overall monthly rate of $17 putting the average at $1082. Single-family homes had the largest decrease in marketed monthly rents by $39 per unit and multi-family units decreased by $5 per unit. Overall vacancy rates have decreased by 2.23% from 4th quarter in 2018

 

Stay tuned for our next quarterly recap on the vacancy survey and feel free to check out Quarter 3’s report HERE.

 

SW Idaho NARPM Vacancy Report

Filed Under: Property Investment, Property Management, Uncategorized

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    925 N Main St. (drop box only)
    Meridian, ID 83642

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    P O Box 191208
    Boise ID 83719

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