Top LocationsBoise Real Estate Market 2020: Where to Invest for High Rental Income by Sylvia Shalhout August 2, 2020July 29, 2020 by Sylvia Shalhout August 2, 2020July 29, 2020Did you know that the Boise real estate market was forecast to be one of the hottest housing markets for 2020? Now that we are in Q3, it seems that these forecasts have come to fruition. A Quick Overview of the Boise Real Estate Market 2020Despite the initial slowdown earlier this year caused by the coronavirus, demand for Boise homes for sale quickly climbed back up in June 2020. This was likely due to the fact that mortgage rates were near historic lows. In addition to this, buyers were already geared up to enter the hot Boise real estate market before COVID-19 hit. So their plans to enter the market in early spring were simply pushed to the summer when much of the US began to open back up after coronavirus lockdowns.At the same time, the housing inventory in Boise is low. These two Boise real estate market trends (high demand and low supply) created a very hot seller’s market. Naturally, this kind of demand caused a rise in Boise home prices, despite COVID-19. Realtor.com reports that house prices rose 6% year-over-year in June. Although house prices continue to grow and Boise real estate investors and homeowners enjoy appreciation, it’s the affordable prices that continue to make Boise an attractive location for buyers. Currently, the median list price is $397,000.While the Boise housing market forecast 2020 and 2021 still looks positive thanks to a resilient economy and population growth, COVID-19 cases are back on the rise in the city. Although now is a good time to invest in Boise real estate to benefit from appreciation and cash flow, it’s important to keep an eye on the developing situation with the pandemic.Where to Invest in the Boise Real Estate Market for High Rental IncomeAlthough many real estate investors are interested in buying an investment property in the city due to the rising Boise home values, a better investment would be to look for a property that can provide cash flow while the asset appreciates. In other words, you want to find a Boise rental property that provides a high rental income – high enough to cover costs (mortgage, rental property expenses, maintenance, etc.) and still leave over a profit for you. To find these positive cash flow properties in the Boise real estate market, it’s best to start by looking in neighborhoods where the average rental income is high.Related: Cash Flow vs Appreciation: What Should Drive Your Real Estate Investment Decision?We looked at the Boise real estate market data in Mashvisor’s database and pulled up the best neighborhoods in the city for high rental income. Because Airbnb Boise rental properties are not yet regulated and Idaho law forbids cities from banning them, we’ve listed the best neighborhoods for both traditional and Airbnb Boise properties.Note: In September 2019, the Mayor of Boise proposed some regulations for short-term rental properties. As of now, however, there are no regulations in place. Additionally, it seems that, if passed, the ordinance would not affect Airbnbs that are already operating in the Boise housing market. Click here to learn more.Best Neighborhoods in Boise for High Traditional Rental Income#1. Highlands Traditional Rental Income: $1,975Median Property Price: $739,829Price per Square Foot: $287Price to Rent Ratio: 31#2. Maple Grove – Franklin Traditional Rental Income: $1,929Median Property Price: $333,338Price per Square Foot: $111Price to Rent Ratio: 14#3. West Downtown Traditional Rental Income: $1,510Median Property Price: $549,900Price per Square Foot: $261Price to Rent Ratio: 30#4. Southwest Ada County Alliance Traditional Rental Income: $1,414Median Property Price: $365,106Price per Square Foot: $210Price to Rent Ratio: 22#5. Harrison Blvd Traditional Rental Income: $1,396Median Property Price: $756,760Price per Square Foot: $276Price to Rent Ratio: 45 Find a Profitable Traditional Rental PropertyBest Neighborhoods in Boise for High Airbnb Rental Income#1. Glenwood Rim Airbnb Rental Income: $4,910Median Property Price: $365,000Price per Square Foot: $216Average Airbnb Daily Rate: $96Airbnb Occupancy Rate: 58%#2. Central Foothills Airbnb Rental Income: $4,754Median Property Price: $529,933Price per Square Foot: $231Average Airbnb Daily Rate: $111Airbnb Occupancy Rate: 66%#3. Highlands Airbnb Rental Income: $3,570Median Property Price: $739,829Price per Square Foot: $287Average Airbnb Daily Rate: $105Airbnb Occupancy Rate: 59%#4. Harrison Blvd Airbnb Rental Income: $3,179Median Property Price: $756,760Price per Square Foot: $276Average Airbnb Daily Rate: $105Airbnb Occupancy Rate: 60%#5. West Downtown Airbnb Rental Income: $2,955Median Property Price: $549,900Price per Square Foot: $261Average Airbnb Daily Rate: $110Airbnb Occupancy Rate: 58%Generally, an Airbnb Boise rental property can earn a higher rental income than a traditional, long-term rental property. You will also enjoy a good Airbnb occupancy rate in the Boise real estate market and a high daily rate, on average. Find a Profitable Airbnb Investment PropertyRelated: 50 Best Cities for Airbnb Rental Income in 2020What About Return on Investment in the Boise Real Estate Market?Knowing the best Boise neighborhoods for high rental income is a great way to start your investment property search. Of course, you can’t just focus on how much income a Boise rental property will generate. You need to look at other elements like the return on investment. To get this kind of data on neighborhoods in the Boise real estate market, you can visit their Neighborhood Analytics page on Mashvisor. This is an in-depth real estate market report on a neighborhood where you get data on the average cash on cash return, Walk Score, historical rental income of local properties, real estate comps, and more. For example, perhaps you want to conduct a more thorough neighborhood analysis of Harrison Blvd. Check out its Neighborhood Analytics page:Mashvisor’s Neighborhood AnalyticsWith this neighborhood data, you can easily find a high return neighborhood where a Boise real estate investment will be cash-flow positive.You can also just dive right into your property search directly and look for high return Boise investment properties for sale using another Mashvisor tool – the Rental Property Finder. Check out the top-performing traditional and Airbnb Boise income properties we pulled up using this tool:Mashvisor’s Rental Property Finder – Traditional Investment Properties for Sale in BoiseMashvisor’s Rental Property Finder – Airbnb Investment Properties for Sale in BoiseRelated: Rental Property Finder: A Revolutionary Tool for Investing in Real EstateStart Your Boise Property Search NowThe Boise ID real estate market is a hot market for investment in 2020. And now you have a list of promising neighborhoods where you can start your search for rental properties that will generate a high rental income and help you achieve positive cash flow. Just remember, rental income cannot be the only number you look at when conducting a neighborhood analysis or even a rental property analysis. You need the complete picture and Mashvisor can provide that. Click here to start analyzing neighborhoods and searching for the best investment properties for sale in the Boise housing market today. Start Your Investment Property Search! START FREE TRIAL AirbnbIdahoNeighborhoodRental IncomeReturn on InvestmentTraditional 1FacebookTwitterGoogle +PinterestLinkedin Sylvia ShalhoutSylvia is the Content Marketing Manager at Mashvisor. As a real estate writer, she has been covering topics for the beginner and advanced real estate investor, helping them make smarter decisions as well as real estate agents looking to take their business to the next level. 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