Monday, July 22, 2019 / by Natasha McNealy
For the second year in a row, our beloved state of Idaho ranked as the country’s best state for homeowners in SmartAsset, a financial technology company’s annual analysis.
Their analysis consists of the following nine metrics in order to determine the best states for homeowners: average price per square foot, the one-year percentage change in value per square foot, median-value-to-median-income ratio, foreclosures per 10,000 homes, average effective property tax rate, median annual property taxes, average closing costs, average homeowners insurance and the burglary rate.
The statistics indicated that the state of Idaho is becoming more attractive and desirable to new residents. Price per square foot saw an increase of 12.12% from 2017 to 2018 and median property taxes were sitting only at $1,408.
Why does an analysis like this matter? Because homeownership is an important milestone and investment in your life. While you may not have thought much about relocating, it is a statistically proven fact that some states are better than others when it comes to investing and owning a home. The fact that Idaho has come out on top for two years in a row shows an amazing feat that our state has come to conquer.
We aren’t just the state that provides the country’s potato supply. We are much more than that. Between beautiful vistas, landscapes, a fun culture, and cities like Boise, our state offers a great deal more than many other places you may find. And the best part? We are proven to be worth it when it comes to real estate investing.
It is a known fact that if you want to make smart financial decisions, carefully deciding where you choose to invest your money is a big factor in making a profit. With statistics to back it up, we can testify that Boise is the place to start thinking about. We have it all from the top-rated education systems, expansion in technology, a wealth of job opportunities, adventure all year round and the best real estate investment opportunities in the country. We are growing every day which is why investing now is so crucial.
If you are thinking about relocating to the Boise area we would LOVE to chat and tell you all the reasons why you should come join us. Let us help you fall in love with The Gem State because we truly are, the hidden gem of the nation.