Data from a total of 17 property management companies were included in the survey results, which accounted for a total of 6,157 homes: 1,762 single-family and 4,395 multi-family.
Ada & Canyon county vacancy rate increased just slightly from 2.2% in the third quarter of 2018 to 3.0% in the fourth quarter of 2018. Overall the largest vacancy decrease was in multi family units in Canyon County which went down 4.5%, while Ada County increased slightly by .4% this quarter.
Ada County single family rental rates saw a decrease of $5 per month per unit. While multi-family in Ada County rents had a decrease of $55 per month, per unit from last quarter. However, overall the average rent per unit increased $34 , making the average rent $1343 per month in Ada County.
In Canyon County rental rates decreased overall by $246 putting the average rent per unit at $948. Single family homes had the largest decrease in monthly rent by $244 per unit and multi family units decreased by $115 per unit.
-NARPM
Author
Andrew L. Propst
MPM® CPM® CCIM®
