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 over the last 5 years. We are seeing a more significant rent increase and rates for the 3 and 4 bedrooms houses in this past quarter. FRPM vacancy rate has remained at 1.2% or lower the entire summer which is also a record over the past 5 years. The demand for rentals is higher then the supply, which leads us to believe that the low vacancy and increasing rent trends will stick around.
To view the full report click the link below:
Melissa Sharone
Melissa@frpmrentals.com