First Rate Property Management Blog

SW Idaho NARPM Vacancy Report for Q2 of 2022

Blog Post

By Kat K. Wednesday, July 27, 2022

The rental market in SW Idaho remains competitive as Q2 of 2022 comes to a close. Vacancy reports recently released from the National Association of Residential Property Management indicate that in Ada County, the average vacancy rate for single family homes was 2.19% and for mul...

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Rental Analysis Tool

Blog Post

By Beny W. Wednesday, April 27, 2022

One of the new features on our website is a Rental Analysis Tool, which can be used by potential FRPM clients as well as our current owners! After putting in some basic property information, you are emailed a packet of information about your property that includes rent ranges for...

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Side Effects of Rising Property Values in Boise

Blog Post

By Beny W. Friday, March 11, 2022

Though the high demand for housing in Boise seems from the outside like a huge positive for property owners, there are some side effects that need to be kept in mind, some of which owners may not have even considered yet! In this post we will talk about maintenance limits, proper...

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Q4 NARPM Vacancy Report for the Treasure Valley

Blog Post

By Kat K. Friday, February 4, 2022

The National Association of Residential Property Management has released the vacancy report for Q4 of 2021.  After seeing an all time low in the first quarter (.81%), vacancies rose steadily throughout the year into Q2 and Q3. In Q4, when inventory is at its lowest, we saw r...

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Q3 SW Idaho NARPM Vacancy Report 2021

Blog Post

By Kat K. Friday, October 29, 2021

Closing out Q3 of 2021, vacancy reports from the National Association of Residential Property Management indicate the rates have increased to 3.3%. However, looking back at the 3rd quarter of 2020 to the 3rd quarter of 2021, rates have decreased overall by 1.22%. First Rate avera...

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How Rising Boise Rents Affect Renewal Rates for Tenants

Blog Post

By Beny W. Thursday, September 30, 2021

Now that the busy rental season of summer is ending, I thought we’d take a look at how First Rate has navigated this unprecedented market, as well as explain the Who, What and Why of FRPM’s renewal strategy. Idaho has seen an average increase in rent of 25% over the l...

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Q2 NARPM Vacancy Report for the Treasure Valley

Blog Post

By Melissa Sharone Tuesday, August 3, 2021

The SW Idaho Chapter of NARPM just released their Q2 Vacancy report and the results are to be as expected in this hot market.  The vacancy is still very low considering the time of year and rents are still climbing.  The vacancy is still at a record low for this quarter...

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Q1 NARPM Vacancy Survey

Blog Post

By Melissa Sharone Tuesday, April 27, 2021

The SW Idaho Chapter of NARPM just released its1st quarter vacancy survey and the results are record breaking.  The data collected indicates that the trends in Ada & Canyon county vacancy rates have decreased by 3.47% from the 1st quarter of 2020 to the 1st quarter of 20...

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SW Idaho NARPM Vacancy Report Q4 2020

Blog Post

By Kat K. Wednesday, January 27, 2021

Closing out 2020, Q4 Vacancy Reports from the National Association of Residential Property Management indicated the lowest vacancy rates that has been reported in over 15 years! As Idahoans continue to spend more time at home as a result of the lingering COVID-19 pandemic, low va...

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Boise Housing Market Continues to Break Records

Blog Post

By Kat K. Tuesday, December 15, 2020

As the Boise housing market continues to break records for high prices and low inventory, local renters who are on the quest for homeownership are finding it more and more difficult to make the transition. In August 2020, the average median home price in Boise reached $400,000 fo...

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