March 22, 2024
Disclaimer: This blog post is for general informational purposes only and does not constitute legal, financial, tax, real estate, or investment advice. Because laws, regulations, and market conditions change and each situation is unique, you should consult a qualified professional before making any decisions based on this content. Bluebird Property Management makes no guarantee as to the accuracy, completeness, or applicability of the information provided.
Boise can be an exceptional market for real estate investors. Despite all the attention the Boise housing market has received in the past few years, it maintains many of the fundamentals of what investors desire when considering investment markets. From job growth and good schools to low crime and excellent quality of life; One thing's for sure, the future of Boise is exciting! Here we discuss a few of the changes coming to the Treasure Valley and decide if Boise is a good place to invest.
Job Growth and Influx of Tech
One of the driving forces behind Boise's potential is it's growing job market. Large scale investments and new developments planned throughout the valley have increased in the last few years, with two in particular garnering much attention. The Facebook/Meta Data Center, is estimated to cost $800 million and will bring 100 new jobs to the Treasure Valley. While, Micron's massive $15 billion fabrication plant is set to bring a staggering 2000 new jobs to the area, not to mention the ripple effect it will have on ancillary businesses and sectors. Both projects are expected to be completed in 2026. (BoiseDev)
One aspect that makes Boise such a desirable location for these, and future similar projects, is it's vast, flat and open land. This makes it an ideal canvas for large-scale developments where little is needed to prepare the site. As the tech industry continues to grow and move out of some of the more traditional locations, Boise poses an enticing option when considering new facilities. Furthermore, Boise isn't geographically constrained (at least to the South and East), allowing for ample room to grow and expand.
Boise Airport Expansion
One of the biggest frustrations of new Boiseans is the limited flight options from the Boise Airport. Often extending what should seem to be a simple direct flight across the country into a multiple layover journey. However, change is on the horizon! Plans are underway to add an entire new concourse, providing 10 more gates to the Boise Airport. This will greatly enhance connectivity and open Boise up to many other markets that were previously out of reach.
Boise's Quality of Life
But it's not just about land and airports; Boise offers a lifestyle that's hard to beat. With its stunning natural beauty, great schools, access to the outdoors and growing culinary scene, Boise has shed its image as a small city lacking the amenities that big city living provides. Instead, it's emerged as a dynamic city that blends urban amenities with a laid-back, community-oriented and outdoor lifestyle. This filters through into economic benefits too. It makes Boise capable of attracting nationwide top talent to the growing job market, as relocating for work can be an exciting prospect for the whole family. For more on what makes Boise such a desirable place to live, read our blog post on the Boise Boom here.
Despite its rapid growth and exciting potential, Boise isn't without its challenges. Infrastructure keeping up with growth, affordable housing and lack of a top professional sports team are some of the concerns and complaints that Boiseans often share. However, it's hard to argue that the future looks undeniably bright. So, if you're pondering whether to take the plunge, Boise might just be the opportunity you've been waiting for!
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