We may be a little partial, but you don’t have to take our word for it—Whether you’re measuring in terms of economic growth, housing market, or natural beauty and charm, the Treasure Valley has continued its streak up into national attention as an undeniably great place to live and work this year. The best part? It shows no signs of slowing down.
As you have likely heard, the Treasure Valley population boom is predicted to continue into the coming years, with the local population predicted to reach 1 million by 2040.
While this might be alarming to those of you who enjoy a small town feel, there is no reason to be discouraged. Each city throughout the Treasure Valley seems poised to retain its own character, so there will always be somewhere you can go to reap the benefits of a strong market and enjoy the smaller town life.
Economic and Market Trends
Early this year, we saw new construction taking over more and more of the Ada County market share. Housing and commercial development is setting the Treasure Valley up for sustained growth.
It’s a Seller’s Market…
A soaring population has made the Treasure Valley a wonderfully lucrative seller’s market this year, with market signs suggesting continued growth.
The Boise City-Nampa market was recently forecasted to rise 8.5% in the coming year. Boise’s North End alone saw listings up 13% from September 2018 to September 2019. We are overjoyed to have been a part of several selling journeys and look forward to more in the coming year.
…But don’t let that discourage you from buying
It may be a traditional seller’s market, but that doesn’t mean it’s a bad time to buy. With forecasts predicting continued growth, there is every reason to make an investment today. And why would you want to sleep on becoming a Treasure Valley local at this pivotal time?
City Growth Throughout the Treasure Valley
Boise
The Boise-Nampa metropolitan area has continued its 1.7% growth rate per year, in terms of population and available employment, remaining among the top metropolitan growth rates in the U.S with no reason to believe it will slow down.
It’s not just Boise that’s growing, either. The entire Treasure Valley is experiencing unique growth, and each city has new and historic perks that should put them on your list of considerations
Meridian
Meridian was recently named seventh on a national list of growing municipalities—a title claimed due to its economic growth, which is especially strong in the housing market. If you are looking for a new construction home and a great investment, you’ll want to look there.
Meridian is the place to be for a small town feel with big city amenities and a low crime rate. It makes a strong case for Treasure Valley living with its beautiful landscape and foliage and has even been ranked the #1 Place To Live in the US.
Star
Star has been called “ground zero for growth” in the Treasure Valley, and its predicted population growth from 11,000 to 30,000 by 2040 is one major reason why. If you are looking for somewhere to start a commercial development project, consider Star, as it is a hotbed for potential commercial and economic growth.
If you’d like to be a 23 minute drive away from the bustle of Boise, and want an opportunity to experience local beauty, quiet, and a highly affordable Treasure Valley city, think about laying down roots in Star!
In addition to all this quantifiable growth, we want to remind you that the Treasure Valley simply is the best place to live! With countless cozy coffee shops, some historic, some newcomers, limitless outdoor exploration opportunities, unique nightlife, and countless opportunities to make your mark in the local community, we truly can’t think of a better place to live.
As the holiday season closes in, we are entering a time of reflection. We’re feeling especially grateful for all of the wonderful local growth we have been a part of this year, and can’t wait to see what 2020 has in store. Are you ready to join us? Contact us today to be a part of this special time in the Treasure Valley!