Idaho Real Estate

By: Fruzsina Csery

With a landscape that ranges from subalpine to desert, granite mountains to fertile farms, lakes and waterfalls to canyons and gorges, Idaho is a study in geographic diversity. This mountainous state is a frequent destination and is experiencing growth. Prices are starting to appreciate. In particular, Boise is seeing an influx of out of staters as evidenced by the booming real estate businesses claiming to be 'relocation experts.'

Boise and Nampa, the southwestern Idaho region is the most secure place to live in the United States among large metropolitan areas, according to the third annual Farmers Insurance Group of Companies study. Boise City also made Farmers' 2005 list of most secure places to live. It means this area has the least extreme weather, natural disaster, terrorist threat, crime and job loss.

Boise, Idaho's capital city, located in southwestern Idaho, is known to has a small, but strong real estate market. The city has real small town feel and it's an amazing sight to see modern highrise buildings rising out of total greenery, then backgrounded by snow covered mountains. Boise's real estate market is booming.

Boise is poised to be the No. 1 market for appreciation in 2006. For its attractive business and career development, climate, low cost-of-living and other factors, Boise has a real estate market enjoying the area's own economic prowess as well as move-over demand from hot pockets in Washington, Oregon, California and Nevada.

Median home prices are just over $200,000 and just about equal to the national median, put at $209,000 in February, according to the National Association of Realtors. There are also low mortgage rates available in Boise and it has strong rental market, too.

And finally, The area's strong economic infrastructure has generated only a 3 percent unemployment rate. Boise is the headquarters for several major companies including Albertsons, Hewlett Packard, Micron Technology, J.R. Simplot Company, as well as Washington Group International, Inc.

The Boise-area is proving to be one of the nation's hot spots for real estate investment opportunities and it is also a great place to live.

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