Boise Idaho has been named as one of the top U.S. real estate markets positioned to see an influx of baby boomer homebuyers.
The National Association of Realtors® (NAR) analyzed population trends, housing affordability, and local economic conditions across the U.S. to determine housing markets most likely to see a boost in sales from baby boomers.
Boise was identified as a top standout market, based on solid job growth, share of self-employed workers, and affordable home prices.
The study also mentioned Boise’s dynamic local economy, adequate housing supply, and a lower cost of living.
According to a NAR generational study of homebuyers released earlier this year, baby boomers represented 30% of all homebuyers, had a median household income of $92,400, and bought a home that cost $210,000 (almost identical to the Boise area’s median home price).
Source: National Association of Realtors®