What’s so special about Idaho Falls, and why does it make sense to invest here?
As you can see from the data we’ve already shared, rental property owners are in a great position. There’s not a lot of inventory and highly qualified tenants who cannot afford to own their own homes are looking for great rental properties with impressive amenities.
There’s more we’d like to tell you about this market, based on our research and our own personal experience living and working in Idaho Falls.
Getting to Know Idaho Falls
Idaho Falls is a small city found in Eastern Idaho’s Bonneville County. This is where most of the commercial activity, cultural opportunities, and healthcare resources are found in this region of the state.
Idaho Falls was founded in 1864 and incorporated in 1897. There are 24.55 square miles to the city, and our respect for nature and natural beauty can be seen in the open land throughout the area. Idaho Falls is largely considered the gateway to Yellowstone National Park and Jackson Hole, Wyoming. It’s an ideal place for people who love outdoor adventures such as climbing, whitewater rafting, mounting biking, hunting, and hiking.
While the primary industry had always been agriculture, the Atomic Energy Commission opened the National Reactor Testing Station nearby in 1949, making the region instrumental in energy innovation. Today, it’s home to the Idaho National Laboratory (INL), which remains the city’s largest employer.
The University of Idaho and Idaho State University also have extensions here, providing a place to study and research for undergraduate and graduate students.
Tenant Pool Demographics in Idaho Falls
The tenant pool in Idaho Falls is diverse. If you take a look at our full report, we break down a lot of the demographics to let you know who exactly your tenants are likely to be.
The median household income in Idaho Falls is around $53,000, and more than 90 percent of the population finished high school.
Idaho Falls is a community that offers a high quality of life and a low cost of living. It’s an excellent place for investors, and we would love to discuss the opportunities with you further.
Whether you’re already a property owner here who is trying to grow a portfolio, a new investor thinking about your first acquisition, or an out-of-state investor interested in new markets, there’s a lot to learn with the ever-changing real estate landscape. Our newly released market report can help you make strategic decisions that will lead to successful investment experiences. Click to download it here.
Find out what 2021 is likely to hold for your property values and the entire rental market.