Boise, Idaho (AP) The Boise real estate industry is the envy of most other cities.
A metro area of more than 2 million people, Boise is home to the University of Idaho, Boise State University, the University Park Community College System and the University Hospitals of Boise and the Idaho College of Veterinary Medicine.
The state’s population is about 10% larger than it was in 1900.
The metro area has about 6.4 million people and is growing rapidly, thanks to the arrival of a growing population and a robust economy.
Boise has a median home price of $1.7 million and the average home price is about $1 million.
But the real estate scene has also seen some significant changes over the years, with the population in Idaho growing from about 20,000 in 1900 to about 36,000 today.
The median home value in the metro area is $1,200,000, according to Zillow, a real estate website.
The most affordable housing in the Boise area has been the UO-Brentwood neighborhood, where the median home sale price is $532,000.
But a lot of that is down to the fact that many people can’t afford the rent.
For example, in 2016, nearly half of the housing units in Brentwood were listed for less than $1 per square foot.
And that’s just one of many examples.
According to Ziming Wang, the director of real estate research for Zillows, one reason why Boise has become so expensive is because of the number of people who live in the area.
“You have a very large population,” Wang said.
“That makes it very difficult for new housing to come into the area.”
The boom in home sales, though, is the main reason why Idaho is one of the most expensive metro areas in the country, Wang said, adding that it’s a good thing for the state because it helps keep the economy growing.
The boom is the result of a combination of factors.
The number of home sales is skyrocketing, Wang noted, adding, “The number of new listings in the market is growing, so that’s going to increase demand for housing.”
Brent Wood, the heart of the Brentwood area, was built in the mid-1960s and is home for nearly half the state’s housing.
But with more people moving to the area and the city being built more rapidly, there’s been a significant drop in home prices, Wang added.
And because Brentwood is home only to about 10,000 people, it is not nearly as popular with locals.
The real estate boom in Boise has brought the state back from a historic economic downturn that began with the Great Recession of 2008-2009.
But that downturn has been partially offset by the rebound from the economic recovery and housing market.
In Idaho, home prices have been on a steady upward trajectory since 2010.
The average home sale in the state is $850,000 and the median sale price in the metropolitan area is now $1 Million.
But some are still priced out.
“There’s still a lot in the neighborhood that’s priced out,” Wang told The Washington Post.
The average home value of $3,600,000 is still about one-third of what it was two decades ago, according in a 2017 report by Zillower.
The state’s median home is about a quarter of that.
But Wang said it’s possible that the number is higher because of an influx of people moving into the city and more expensive housing.