Idaho
Rooted in Livability, Driven by Opportunity
Idaho continues to stand out for its strong population growth, business-friendly climate, and increasing demand for quality rental housing. From the dynamic capital of Boise to rapidly growing cities like Meridian, Nampa, and Idaho Falls, Idaho’s multifamily market is a compelling region for Summerfield Property Management.
We manage a broad mix of properties across Idaho’s metro areas and regional growth centers, delivering operational excellence and value in every community we serve.
What we love about Idaho
Idaho’s economy is fueled by a mix of technology, healthcare, education, and agriculture—creating a stable foundation for housing investment. Key employers such as St. Luke’s Health System, Micron Technology, Idaho National Laboratory, and Albertsons contribute significantly to the state’s economic momentum.
St. Luke’s is Idaho’s largest private employer, with more than 15,000 employees statewide. Micron Technology, headquartered in Boise, employs over 6,000 people in the region. Albertsons, also based in Boise, supports approximately 5,000 jobs locally, while Idaho National Laboratory adds another 4,000+ high-paying jobs in eastern Idaho.
Idaho’s job market is projected to grow by over 10% from 2023 to 2033—outpacing the national average. This strong employment growth, combined with a reputation for livability and outdoor lifestyle, continues to attract new residents and investment interest across the state.
At a Glance
Population Growth
High in-migration driven by affordability, quality of life, and job creation
Average Income
Rising median wages in key growth sectors
Number of Properties
Expanding portfolio across Boise metro and regional cities
Management Approach
Tailored asset strategies with an emphasis on compliance and resident experience
Market Insights
Idaho’s rental housing market is marked by strong demand and constrained supply, especially in the Boise metropolitan area. As housing costs continue to rise in western states, Idaho offers a more attainable option for both renters and investors. Secondary markets such as Twin Falls and Coeur d’Alene are seeing elevated occupancy and investor activity, benefiting from growth spillover and local economic expansion.
2024 Q4
1,275,999
2025 Q4
1,293,853
2026 Q4
1,310,603
2027 Q4
1,325,831
2028 Q4
1,340,853
2029 Q4
1,355,917
2030 Q4
1,370,659
2031 Q4
1,385,291
2032 Q4
1,399,551
2033 Q4
1,413,404
2034 Q4
1,426,828
Challenges
Regulatory Landscape
Navigating local development requirements and evolving zoning policies
Urban Redevelopment
Balancing rapid growth with infrastructure capacity and community needs
Affordability Trends
Managing rent growth amid rising construction and insurance costs
Looking Ahead
Idaho’s long-term outlook remains positive, driven by steady job creation, continued in-migration, and a pro-growth business environment. As more professionals, families, and retirees relocate to the state, the need for quality rental housing is expected to grow across both primary and secondary markets.
Whether managing stabilized assets in Boise or expanding into high-demand cities like Meridian and Idaho Falls, our teams deliver customized strategies informed by strong local market knowledge.
Local Presence,
Regional Expertise
Our Idaho operations are supported through our Northwest Regional Headquarters in Seattle, with dedicated teams managing onsite operations across the state.
Ready to Learn More?
Let’s talk about how we manage better in Idaho.
