Boise, Idaho Named One of the Best Cities in America to Move to in 2014

Posted by Jace Stolfo on Wednesday, March 26th, 2014 at 11:15am.

Simple Moving Labor (SML) has named Boise, Idaho its top choice in the best cities in America to move to in 2014. The City of Trees beat out cities like Seattle, Phoenix and Salt Lake for the top spot. This is useful information for people who are interested in buying one of the homes for sale in Boise, Idaho.

Why You Should Consider Buying Boise, Idaho Real Estate

SML has used the following criteria to determine its list of the best cities in the USA:

  • Unemployment
  • Median income
  • Projected Home Value Growth (3-Year time frame)
  • Home affordability
Why The City of Trees Made the Top of the List as the Best Place to Live

To make the list, Boise had to have an unemployment rate of less than 6.5%, which is the current national average. The unemployment rate for Idaho's capital city is 4.8%. However, Salt Lake gets the top spot for this at 3.4%.

In terms of the median income, the cities on the list had to at least reach the national average, which $44K per year. Seattle topped the list at $61,000. Boise's median average stands at $51,000 per year. And coincidentally, had the shortest commute time to work at 16 minutes on average.

The last two criteria on the list may be the most useful for people wanting to buy one of the homes for sale in Boise, because these two elements speak directly to the home itself.

The projected value of the home over three years has to be greater than 20%. SML cited Forbes's real estate analysis as its guidelines for this. Boise's growth is projected at 30% plus. However, Phoenix tops the list at 41% expected growth.

Boise as well as Fort Worth, Texas, another city on the list, tie for home affordability. To reach this number, SML factored in the incomes and the lower home prices and did some simple math. These two cities received an "affordability index" of .303. Salt Lake topped the list as having the least affordable homes.

What This Means for Boise, Idaho Real Estate

Given that the City of Trees has topped all sorts of lists as one of the best cities in America (top fittest cities in the West, best places to retire), it's not too big of a stretch to believe more people will be moving here. Many demographics studies have already indicated this as well.

It may mean an eventual equalizing effect as supply and demand play out in the marketplace. As more people move here and want to buy the homes for sale in Boise, Idaho, the prices could increase.

That said, while Boise, Idaho real estate prices may go up in response, outlying areas like Star, Kuna, Nampa and other cities may experience a boon and a renaissance of sorts. This has to do with their close proximity to Boise and to employment opportunities in the capital city, but lower home prices.

It most certainly will bring more opportunities and more income as people start new business ventures to accommodate new growth spurts. For example, people may forget that not that long ago, Meridian was a small city of just 2,000 or so people and within the space of about 20 years, grew to 80,000. What this eventually meant is that there was population enough to afford new complexes like the Village at Meridian.

If you'd like more information about buying one of the homes for sale in Boise, Idaho, contact us today!

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