Market Information – Boise
Boise is the capital and largest city of Idaho. It lies along the Boise River in the southwestern part of the state. Because mountains to the north protect it from Canadian blizzards, Boise has relatively mild winters, as well as hot, dry summers. The city’s diversified industries include agriculture (fruit, sugar beets, and livestock), lumbering, electronics, and wholesale trade and trucking. Growth in the high-tech industries around Boise accounted for much of the city’s increase in population. Boise is the second fastest growing metro in America.
Boise Demographics
- Boise is the second fastest growing metro in America
- Boise is outpacing Phoenix, Raleigh, Las Vegas, and Charleston
- It’s growth rate is 2.5 times the rate of Seattle, 2 times the rate of Denver
- 78% of Idaho’s population growth in 2023 was from other states
- Boise’s population grew 8.3% from 2020-2023
- Boise metro population growth between 2010 – 2020 grew by 26.7%, USA grew by 7.6%, and all metros averaged 7.7% growth
- The Boise Valley Economic Partnership predicts that the net in-migration will continue at circa 15,000 people per year
- Boise’s growth will continue to drive demand for multifamily in the Treasure Valley
- Boise was recognized by US News & World Report in May 2024 as the second-best city to live in America, a “recreationalist’s paradise”