Have you had a chance to review the 2024 Q4 Market Analysis? What a run-up for Canyon County! It’s wild to see how much the market has shifted over the years, and if you’ve been in the game as long as I have, you know that this kind of momentum comes in cycles. New construction rentals are leading the charge right now, and it’s not hard to see why. With so many deliverables hitting the market—both in single-family and multifamily spaces—developers are clearly betting big on future demand.
What’s interesting is the dynamic between Ada and Canyon County. While Canyon is seeing a surge in new builds, Boise is getting creative by either infill construction converting large single-family homes into more affordable multifamily units. It’s a smart play, especially with affordability pressures being what they are. This strategy not only maximizes use of existing properties but also fills a gap in the market for lower-priced rentals.
It’s a tale of two strategies: Canyon County expanding outward with new construction and Boise maximizing what’s already on the ground. Both approaches have their merits, but it’s definitely creating an interesting pricing game in the Treasure Valley. As always, being nimble and strategic is the key—whether you’re an investor, a property manager, or a renter looking to find your sweet spot in this market.
I’m keeping a close eye on where this goes, but if history tells us anything, it’s that markets like this reward those who move with intention and a long-term vision. If you’re not paying attention, now’s the time to start.