The boom intensified with the COVID-19 pandemic as remote work became the norm and the appeal of fast-paced big-city living began to decline. Attracting tens of thousands of new residents every year, Boise, Idaho, has become one of the fastest-growing cities in the United States. Boise has been booming, largely due to California's influx of population. Over the past three years, the population grew by 8 percent, a huge number.
This put a lot of pressure on housing, both for single-family homes and for rentals. Average rent rose 30 percent and home prices soared 60 percent. Builders can't keep up with so much growth. The title of the sample video will go here for this video BOISE, Idaho The population boom in Idaho shows no signs of slowing.
Census Bureau Shows Idaho Leaded Nationwide in Population Growth Rate for Fifth Consecutive Year. Over the past year, Idaho has gained 53,151 new residents, with a growth rate of 2.9%. The biggest driver of growth was people who moved to Idaho from other states. Census Data Shows 48,876 of Idaho's Newest Residents Come From Another State.
Idaho's population is now estimated at 1.9 million people. Some of Idaho's neighbors also showed great growth, with Utah and Montana ranking second and third in terms of growth rate. Oregon added 4,611 new residents, for a growth rate of. Texas led all states with the highest numerical population growth of 310,288 new people, followed by Florida.
The population grew only. Census Bureau attributes slow growth to fewer people moving internationally to the United States. The report pointed to a trend of people moving away from large urban areas, causing several large states to lose population, including California, New York, Illinois and Pennsylvania. Texas and Florida were the only two states in the top six to gain population last year.
Notifications can be turned off at any time in the browser settings. This has led to an avalanche of new apartment construction in the Boise housing market, but higher-than-average construction costs in Idaho slow relative to demand. Idaho Falls, Idaho, is enjoying strong but steady growth, because it has the ideal mix of affordable real estate, excellent quality of life and excellent economy. The percentage of Californians moving to Idaho has increased by 10% in the last five to ten years, as Boise Valley Economic Partnership CEO Clark Krause understands.
Several of the people I spoke to in Boise said that their quality of life had increased dramatically after moving to the capital of Idaho from cities like Los Angeles and Seattle. Not only are you limited to Boise or Idaho, but you can also invest in some of the best real estate markets in the United States. Nearly 40 percent of Idaho's total population lives in the area, and includes the three largest cities in Idaho: Boise, Nampa and Meridian. Of those who move to Boise from out of state, California is the first place they move from, according to the Boise Valley Economic Association.
Boise is home to much more than wood and food processors, although it is home to the Idaho Pacific Lumber Company headquarters. That's why many in Boise openly mock Californians, although that won't stop them from buying in the Boise real estate market. The Boise metropolitan area is Idaho's largest population center and is home to the state capital, making it the largest student market in the state. Much of Idaho's commercial real estate industry gathered for the annual conference of the Building Owners and Managers Association in Boise on Tuesday, with a main panel focusing on the impacts and dynamics of Boise's fast-growing market.
Naomi Johnson, who lost her recent Boise City Council bid, was among a dozen members of Save Boise Neighborhoods who protested Saturday. Lauren McLean, newly elected mayor of Boise, moved to the capital of Idaho with her husband 21 years ago to buy a home and enjoy the city's easy access to nature. .