LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,770
Monthly Cash Flow
-$524
Principal + Equity
$4,169
Annual Total Gain
$43,747
Cash on Cash
-5.13%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Healthiest Cities in America
#53out of 229 markets
Healthiest Places to Live in America
#53out of 230 markets
Cities with the Best Public Schools in America
#51out of 229 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Boise, ID.
In Boise, ID, Short Term Rental (STR) regulations are governed by the city's Zoning Code and Business Licensing Code. Here are some key regulations that an investor should be aware of before investing in purchasing a property for Short Term Rental in Boise:
1. Zoning Restrictions: Boise has specific zoning regulations that dictate where Short Term Rentals are allowed to operate. Investors should check the city's Zoning Map to ensure that the property they are interested in purchasing is located in a zone that permits Short Term Rentals.
2. Business Licensing: In order to operate a Short Term Rental in Boise, investors must obtain a Short Term Rental License from the city. This license requires an annual fee and compliance with certain regulations, such as occupancy limits and safety requirements.
3. Occupancy Limits: Boise has specific occupancy limits for Short Term Rentals, which vary depending on the size of the property. Investors should ensure that their property complies with these limits to avoid fines or penalties.
4. Noise and Nuisance Regulations: Boise has noise and nuisance regulations that apply to Short Term Rentals. Investors should be aware of these regulations and take steps to ensure that their guests comply with them to avoid complaints from neighbors.
5. Taxation: Short Term Rentals in Boise are subject to transient room taxes, which must be collected and remitted to the city. Investors should be aware of these tax obligations and factor them into their financial projections.
6. Homeowner's Association (HOA) Restrictions: If the property is located in a neighborhood with a Homeowner's Association, investors should check the HOA's rules and regulations regarding Short Term Rentals. Some HOAs may have restrictions or prohibitions on Short Term Rentals.
Overall, investors should thoroughly research and understand the Short Term Rental regulations in Boise before purchasing a property for this purpose. Failure to comply with these regulations could result in fines, penalties, or even the closure of the Short Term Rental business.
Market Trends Over Time
Explore 25 years of market data for Boise, ID, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Boise, ID.
The LTR Genie Score of Boise, ID is 63 and STR Genie Score is 71, indicating a moderate to high level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is low, which may be due to a slower rent growth rate of 0.0694% and a 1-Year Price Appreciation Forecast of 0.53%. However, the LTR Net ROI of 35.68% and STR Net ROI of 37.0% suggest strong potential for returns in both rental strategies. The STR Genie Score is higher than the LTR Genie Score, indicating that short-term rentals may be more profitable in this market.
Boise, ID is a growing city with a strong economy and a diverse population. The city offers a mix of urban amenities and outdoor recreational opportunities, making it an attractive destination for both residents and tourists. The real estate market in Boise has been experiencing steady growth in recent years, making it a promising location for real estate investors.
In conclusion, Boise, ID presents opportunities for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring both rental strategies in this market. With strong ROI potential and a favorable Genie Score for short-term rentals, Boise could be a lucrative market for real estate investors looking to capitalize on the city's growth and appeal to both residents and visitors.
LTR Genie Score 93
$75,000
🛏 2 Beds🛁 2.0000 Baths🏙 1,100 sqft.🏠 SINGLE FAMILY
