Posted by Mark, Ca on May 19, 2006 at 18:51:29:
General Info Idaho Real Estate Info, Stats Etc
Population Change Projections
675,671 or 52.2 % source through 2015 source http://www.census.gov/population/projections/PressTab1.xls
Job Creation/Income Growth 2% to 4% above National Level from 1985 to 2005
Forecast Projections 1% to 2% Above National level through 2009.
Current Un-Employment Rate in Boise 3.4% versus a National unemployment rate of 4.7% as of April 6, 2006
Median Income $46,244
Crimes as % population 1.2% versus national average of 1.4%
School Rating AAA
Sales Tax Rate 5%
State Income Tax Rate 7.8%
Property Tax 1.2 to 1.8% with a $75,000 or 50% owner exception which ever is less
Workers Comp $11.00 per $100.00 for carpenters
Maximum Un-Employment payout $374 weekly
Major Employers
Cost Of Living Index 94 for Idaho versus 144 for Californian
24% of Properties in ADA and Canyon County are Investor Owned 11% of units are vacant Tract builders do not limit Investor Purchases
Plats Filed
2000 3815
2001 3432
2002 3168
2003 6008
2004 6680
2005 9119
2006 11788
6 Month Permit Increase 28% versus a 3% Nationally
Employment/Permit ratio of 1 or higher suggest a healthy market. It shows job growth is out pacing the building rate
August 30, 2003 the E/P Ratio was at 3.6
As of May 5, 2006 the E/P Ratio has dropped to 1.1
Housing Construction Balance 2006
In migration 7,157
Total Units to be built 10,188
Over-Under supply +3031 or over built 36% in 2006
Local RE Stats
History
Median Price $224,535 up 31% Y/O/Y Down 3% M/O/M
DOM 80 increasing
% of Ask Price 98% Flat
Inventory Trend Increasing up 78% Y/OY ( does not include new construction)
Pending Sales Trend Decreasing
NODS Increasing up 16% Y/OY
Rentals Available Increasing 14% Y/O/Y
% of Income 38%
RE History
Total Homes Sales 2004 19,233
Total Investor Homes Sales 2004 2,421 0r 12%
Total Homes Sales 2005 24,233
Total Investor Homes Sales 2005 4,674 or 19.3%
Current Homes Sales 2006 14,233
Total Investor Homes Sales 2005 3,998 or 28.3%
Nampa is Canyon County you need to be careful as it is in a serious flood plain.
I just got back two weeks ago, lots of speculators
Be CAREFUL